Lockheed Martin and RTX Corporation saw their stock prices rise sharply after reporting strong second-quarter earnings and raising their full-year sales and earnings forecasts. Lockheed Martin's revenue grew 11% to $20.1 billion with an EPS of $7.94, driven by missile growth, and it raised its sales guidance to up to $81.75 billion. RTX reported a 14.5% revenue increase to $24.7 billion and a 21.2% EPS rise to $1.89, beating analyst expectations, and raised its full-year sales forecast to $96 billion. These results helped the defense companies recover from earlier 2026 losses following a U.S.-Iran ceasefire announcement.
Lockheed Martin reported a strong quarter with 7% underlying sales growth and a record $230 billion backlog, leading to raised guidance. The Missiles & Fire Control segment drives growth through new multi-year contracts, though margin expansion remai...
The US House has authorized a historic $1.15 trillion defense budget for fiscal year 2027, reflecting a strategic response to global military threats from Iran, China, and Russia. This budget supports a multi-year rearmament effort focusing on muniti...
Lockheed Martin reported an 11% year-over-year increase in Q2 sales, driven by strong demand and capacity expansion. The company raised its full-year sales growth guidance to 8% and expects to maintain an operating margin of about 10.7%. With a backl...
The S&P 500 dropped below its 50-day moving average amid a selloff driven by oil prices hitting $100 per barrel and rising U.S. Treasury yields, which pushed the 10-year yield to 4.70%. This spike increased fears of Federal Reserve interest rate hike...
Lockheed Martin reported Q2 2026 earnings with EPS of $7.94 and revenue of $20.06 billion, both surpassing analyst estimates. The company saw an 11% revenue increase from the prior year and raised its full-year financial outlook, supported by a recor...
