Lockheed, RTX Surge 5%+ on Record Orders and Raised 2026 Outlooks
LMT sits 32% above its 52-week low of $410.11.
Summary
Lockheed Martin and RTX both raised full-year 2026 guidance on surging weapons demand, sending shares up more than 5% premarket. Lockheed's order book hit a record $230 billion, including a preliminary $35 billion THAAD contract, while RTX cited strong demand for missiles, sensors, and air-defense batteries. This follows Lockheed's Q2 beat reported earlier today and adds RTX's simultaneous outlook boost, confirming broad-based defense sector strength. The premarket move reflects traders pricing in the raised guidance and record backlog.
At the time of this announcement, LMT was trading at $539.95 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $118.6B. The 52-week trading range was $410.11 to $692.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.