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Lockheed Martin, RTX Jump After Earnings Beat

July 23, 2026

2 min read

Key Takeaways

Lockheed Martin and RTX topped Wall Street expectations with Q2 earnings.
Lockheed Martin's revenue grew 11% to $20.1 billion.
RTX's quarterly revenue rose 14.5% year over year to $24.7 billion.
Both contractors raised their 2026 outlooks.

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Strategic Implications

The earnings beat may indicate sustained growth for U.S. military contractors, which could benefit from the Department of Defense's efforts to replenish missile stockpiles. This suggests a positive outlook for the defense sector, which may be driven by geopolitical instability and conflict.

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What Happened

Defense Giants Top Wall Street Expectations Amid Geopolitical Tensions

Lockheed Martin and RTX reported strong second-quarter earnings, topping Wall Street expectations. Lockheed Martin’s revenue grew 11% to $20.1 billion, while RTX’s quarterly revenue rose 14.5% year over year to $24.7 billion. Both contractors raised their 2026 outlooks, with Lockheed Martin expecting sales of $79.75 billion-$81.75 billion and RTX estimating adjusted sales to rise 8%-9% to $95 billion-$96 billion. The earnings beat comes as the Department of Defense seeks congressional approval for a $1.5 trillion defense budget, according to Investor’s Business Daily.

Source | Originally Published: July 23, 2026

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