Defense Stocks Face Pivotal Q3 Earnings Amid Geopolitical Shifts
Lockheed Martin (LMT), Northrop Grumman (NOC), and Raytheon Technologies (RTX) prepare to report quarterly earnings against a backdrop of shifting geopolitical dynamics. Proposed Middle East peace agreements and potential Ukraine ceasefire negotiations could recalibrate demand for defense assets, though European military spending surges may offset any softening.
Lockheed Martin's October 21 earnings call anticipates $6.32 EPS (-7.6% YoY) on $18.56B revenue (+8.5% YoY). F-35 jets and missile programs remain growth drivers, while classified program charges and helicopter losses weigh on margins. The defense sector's trajectory now hinges on whether governments treat recent conflicts as catalysts for sustained budget increases or temporary anomalies.
