Lockheed, RTX Raise 2026 Outlooks on Surging Weapons Demand, Backlogs Soar
LMT sits 39% above its 52-week low of $411.
Summary
Lockheed Martin and RTX both raised their 2026 forecasts, driven by unprecedented demand to replenish Pentagon stockpiles depleted by conflicts in Iran and Ukraine. Lockheed now sees revenue of $79.75B-$81.75B, up from $77.5B-$80B, while RTX lifted its adjusted sales view to $95B-$96B and profit per share to $7.10-$7.25. Backlogs surged—Lockheed's to $230.4B (up 38%) and RTX's to $289B (up 22%)—signaling sustained growth. The strong Q2 beats and guidance hikes sent LMT shares up 10.6% and RTX up 7.7%. This follows a series of major contract wins, including a $35B THAAD deal and an $8.4B Army missile contract, and aligns with the administration's push for faster production under the Defense Production Act. The raised outlooks and massive backlogs confirm a multi-year upcycle for defense primes.
At the time of this announcement, LMT was trading at $571.82 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $131.8B. The 52-week trading range was $411.00 to $692.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.