US-Israel Strikes On Iran Send Nasdaq, S&P 500 Futures Lower As Offensive Continues Across The Middle East — LMT, RTX, XOM, USO, BATL On Traders' Radar Today

Ultra Maritime, a startup, has developed a sonar system to protect undersea cables and pipelines from attacks. The system combines active and passive sonar for persistent surveillance, as demonstrated during a US Navy exercise. The technology can monitor underwater vehicles and vessels across large ocean areas. The company was acquired by Lockheed Martin for $3.45bn. Recent increases in suspected attacks on undersea infrastructure highlight the system's relevance.

Morgan Stanley raised its price target for ExxonMobil (XOM) to $177, citing strong refining margins and growth prospects. The stock has gained 34% this year, with Q2 earnings showing record profits and high cash flow. However, geopolitical risks and normalization of energy prices could impact future performance.

Eni S.p.A. (NYSE:E) plans to deploy a commercial fusion power plant in Europe by the early 2040s, investing over $1 billion in Commonwealth Fusion Systems. Eni also aims to build a business around fuel systems for fusion plants. Commonwealth Fusion Systems raised $1 billion in July, targeting a 400-MW plant in Virginia by the early 2030s. Other oil companies like Equinor, Chevron, Shell, and Cenovus are also investing in fusion technologies.

RTX (RTX) shares fell 6.7% following significant defense contract wins, including a $22.90 billion Tomahawk missile deal and F-35 system advancements. The company projects $111.8 billion revenue and $10.9 billion earnings by 2029, suggesting 10% upside. Analysts note risks like supply chain pressures and potential shifts in defense spending.

Berkshire Hathaway's Greg Abel increased his stake in Delta Air Lines by 44% to 57 million shares, worth $5.4 billion, in Q2 2026. Delta's revenue now includes 61% from premium, loyalty, and Amex streams, differing from Warren Buffett's past critiques of the airline industry. Delta's stock has risen 44% over the past year, with a forward P/E of 13 and an analyst target of $105.31.

Northrop Grumman (NOC) announced a $2.47 quarterly dividend and a new U.S. Marine Corps contract. Its stock is down 7.9% in the past week and 7.4% year-to-date, but up 59.3% over five years. Analysts suggest it may be 19% undervalued at $542.52, with a fair value estimate of $643.62. The company faces risks like reliance on U.S. defense programs and potential cost overruns.