Defense Stocks Surge on Strong Earnings Amid Record Demand
Lockheed Martin (LMT), RTX (RTX), and GE Aerospace (GE) are rallying in pre-market trading following robust quarterly earnings reports. Lockheed posted Q3 EPS of $6.95, surpassing estimates of $6.35, with revenue reaching $18.6B against an $18.52B forecast. CEO Jim Taiclet highlighted a record $179B backlog as demand hits unprecedented levels.
RTX outperformed with Q3 adjusted EPS of $1.70 versus $1.41 expectations, while revenue soared to $22.48B compared to $21.32B projections. CEO Chris Calio cited $37B in new awards as global defense spending accelerates. GE Aerospace mirrored the trend, reporting $1.66 adjusted EPS against $1.47 estimates, with revenue jumping 26% to $12.2B.
The surge reflects heightened U.S. military procurement activity, with all three firms raising full-year guidance. Defense sector strength contrasts with recent crypto market volatility, where institutional capital continues seeking alternative hedges.
