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Lockheed, RTX Raise 2026 Forecasts Amid Trump’s $1.5T Defense Push

7/24/2026

24 2 Full Breakdown

Summary

Story summary

Lockheed Martin and RTX raised 2026 revenue and profit forecasts on July 23, 2026, citing demand to refill Pentagon stockpiles.
Lockheed Martin targets 2026 revenue of $79.75-$81.75 billion and reports missiles revenue of $4.1 billion.
RTX's backlog rose 22% to $289 billion, supporting its projection of 2026 sales of $95-$96 billion.
President Donald Trump urged contractors to boost production and proposed a $1.5 trillion FY2027 budget.

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Story summary

Lockheed Martin and RTX raised 2026 revenue and profit forecasts on July 23, 2026, citing demand to refill Pentagon stockpiles.
Lockheed Martin targets 2026 revenue of $79.75-$81.75 billion and reports missiles revenue of $4.1 billion.
RTX's backlog rose 22% to $289 billion, supporting its projection of 2026 sales of $95-$96 billion.
President Donald Trump urged contractors to boost production and proposed a $1.5 trillion FY2027 budget.