Lockheed Martin, RTX, L3Harris and HII win new Pentagon contracts and Lockheed lifts FY‑2026 revenue outlook
Lockheed Martin reached a preliminary ten‑year agreement with the Department of War to produce and sustain at least 850 F‑35 fighters, committing $7 billion of its own capital and targeting 156 aircraft per year. RTX’s Raytheon unit and Lockheed secured a $215 million U.S. Army Javelin launcher contract and a $394 million Missile Defense Agency radar‑support extension. HII obtained a $99 million Navy ship‑trial modification and L3Harris was awarded an $876.4 million Navy Next‑Generation Jammer contract. Lockheed also reported 11% Q3 revenue growth and raised its FY 2026 revenue guidance to $80‑$82 billion.
Why it matters
The new contracts add several hundred million dollars to the backlogs of the four defense firms, supporting near‑term earnings and cash flow. Lockheed’s higher FY 2026 revenue guidance may lift analyst forecasts for the sector, while the contract wins reinforce demand for advanced weapons systems.
Key facts
- 1Lockheed Martin agreed to produce and support at least 850 F‑35 jets over the next decade. stocktwits.com
- 2Lockheed will invest at least $7 billion of its own funds in the F‑35 program. stocktwits.com
- 3The agreement targets annual production of 156 aircraft. stocktwits.com
- 4Lockheed reported Q3 revenue growth of 11% year‑over‑year. stocktwits.com
- 5Lockheed raised FY 2026 revenue guidance to $80 billion‑$82 billion. stocktwits.com
- 6RTX’s Raytheon unit and Lockheed secured a $215 million U.S. Army contract for next‑generation Javelin launchers. stocktwits.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.