Lockheed (LMT), Northrop (NOC), And RTX Post Record Backlogs And Raise Guidance On Defense Surge
Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX (RTX) posted record backlogs and raised guidance, driven by near-term missile defense demand and long-term military modernization programs. Northrop Grumman raised its 2026 sales and earnings outlook after reporting stronger second-quarter bookings and revenue growth across all four of its business segments. CEO Kathy Warden said the…