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RTX leads defense stocks with strong backlog growth and solid government support.

Analyst Insights
25 Oct 2026
Seeking Alpha
View Source
Bullish
RTX leads defense stocks with strong backlog growth and solid government support.

RTX Corporation is highlighted as the top Buy among defense companies due to its exceptional backlog growth of 36% year-over-year and a high book-to-bill ratio of 4.57x, signaling strong demand and long-term revenue visibility. The defense sector benefits from multi-year contracts, improved pricing, margin stability, and government backing, encouraging investments in new capacity. RTX's diverse commercial mix and pricing power, alongside its GTF turnaround, justify its premium valuation compared to peers Lockheed Martin and Northrop Grumman. This positions RTX well for sustained growth in the defense market.

Lockheed Martin trades at USD 604.18, up 2.42% as of Oct 25, 2026 18:41 WIB on Pluang, with a market cap of $139.57B. Northrop Grumman is priced at USD 551.44, down 0.16%, holding a market cap of $78.34B. Pluang data shows Lockheed Martin has a high sell order activity of 93%, contrasting with its price gain today.

More News (LMT)

Lockheed Martin posts strong Q3 2026, raises guidance, hits record $292B backlog on missile contract

Lockheed Martin posts strong Q3 2026, raises guidance, hits record $292B backlog on missile contract

Lockheed Martin reported strong third-quarter results for 2026, driven by a major Patriot missile contract that helped the company achieve a record backlog of $292 billion. The Missiles and Fire Control division is the main growth driver, with plans ...

Company Fundamentals
Bullish
2 days ago
Lockheed Martin beats Q3 2026 earnings estimates with record backlog of $292B

Lockheed Martin beats Q3 2026 earnings estimates with record backlog of $292B

Lockheed Martin reported strong Q3 2026 results, beating Wall Street estimates with earnings of $7.97 per share and sales of $20.7 billion, up 11% year-over-year. Net earnings rose 14% to $1.8 billion, supported by a record backlog of $292 billion, i...

Company Fundamentals
Bullish
3 days ago
Lockheed Martin Q3 revenue and earnings beat expectations, shares jump 6.3%.

Lockheed Martin Q3 revenue and earnings beat expectations, shares jump 6.3%.

Lockheed Martin reported strong Q3 2026 results with revenue of $20.71 billion, up 11% year-over-year, and net earnings of $1.85 billion, or $7.97 per share, surpassing analyst estimates. Growth was driven by its Missiles and Fire Control division an...

Company Fundamentals
Bullish
3 days ago
Lockheed Martin jumps 9% on record backlog and raised 2026 outlook, boosting defense sector.

Lockheed Martin jumps 9% on record backlog and raised 2026 outlook, boosting defense sector.

Lockheed Martin's stock surged 9% after reporting third-quarter results that beat estimates and raising its full-year outlook, driven by a record backlog of $292 billion. The company expects 2026 revenue between $80 billion and $82 billion and earnin...

Company Fundamentals
Bullish
3 days ago
Lockheed Martin Q3 sales rise 11% to $20.7B; net earnings up 14% to $1.8B with record backlog of $292B

Lockheed Martin Q3 sales rise 11% to $20.7B; net earnings up 14% to $1.8B with record backlog of $292B

Lockheed Martin reported a strong third quarter in 2026 with sales increasing 11% to $20.7 billion and net earnings rising 14% to $1.8 billion, or $7.97 per share. The company achieved a record backlog of $292 billion, driven by growth across all fou...

Company Fundamentals
Bullish
3 days ago
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