U.S. defense firms post strong Q3 earnings and win new Navy contracts amid political spending concerns
Lockheed Martin, Boeing, Curtiss‑Wright and other defense contractors reported solid third‑quarter results and announced multi‑million‑dollar U.S. Navy contracts. Curtiss‑Wright posted 10% revenue growth to $953 million, raised its 2026 adjusted EPS outlook to $15.60 and secured $1.1 billion of new orders. Leidos and BWX Technologies also posted earnings beats, while analysts warned that a Democratic‑controlled House could pressure the Trump administration’s 2027 defense budget proposal.
Why it matters
Analysts note that a Democratic‑led House may push the 2027 defense budget closer to the $1.15 trillion figure proposed by the House, rather than the administration’s $1.5 trillion request, potentially limiting future spending. The earnings beats and contract wins improve the order backlogs of the companies, supporting near‑term revenue visibility.
Key facts
- 1Curtiss‑Wright’s Q3 revenue rose 10% to $953 million. finance.yahoo.com
- 2Curtiss‑Wright’s adjusted EPS increased 16% to $3.94. finance.yahoo.com
- 3Curtiss‑Wright secured $1.1 billion of new orders, raising its backlog to $4.6 billion. finance.yahoo.com
- 4Curtiss‑Wright lifted its full‑year 2026 adjusted EPS forecast to $15.60. finance.yahoo.com
- 5Leidos reported Q3 revenue of $4.63 billion and adjusted EPS of $3.62. finance.yahoo.com
- 6BWX Technologies posted Q3 revenue of $953 million and adjusted EPS of $1.26. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.