LMT, RTX Win Big US Defense Contracts Worth Over $1.1B

• LMT’s secured a $100.5-million Navy order for 1,459 brake assembly heat sinks used in F-35A and F-35B aircraft.
• RTX won a $1.02-billion contract with work scheduled to run through 2031.
• LMT’s Grand Prairie facility also received a $14-million modification for MLRS engineering support.

Lockheed Martin and Raytheon have each secured new US defense contracts. The contracts cover separate programs supporting ongoing military procurement and equipment development efforts.

In after-hours trading, Lockheed Martin (LMT) rose 0.13%, while Raytheon (RTX) fell 0.07%.

Lockheed Wins $100.5 Million F-35 Support Contract

Lockheed Martin Aeronautics Co.’s unit in Fort Worth, Texas, has been awarded a $100.5 million firm-fixed-price order under a previously issued basic ordering agreement. The order covers 1,459 brake assembly heat sinks, including units for both the F-35A and F-35B aircraft, supporting depot-level brake repairs across the fleet.

The contract is aimed at addressing thermal management constraints, improving reliability of critical avionics and meeting future requirements for serviceable brakes across the US Air Force, Navy, Marine Corps, F-35 program partners and foreign military sales customers.

Work will be carried out in South Bend, Indiana, with completion expected by March 2030.

Separately, Lockheed Martin’s Grand Prairie, Texas, facility received a $14.3 million contract modification for engineering services related to the Multiple Launch Rocket System and associated support equipment. The modification raises the total cumulative value of the contract to around $230 million. Work will be performed in Grand Prairie, Texas, with an estimated completion date of May 27, 2027.

Raytheon Wins $1.02 Billion NASAMS Fire Unit Contract

Raytheon has been awarded a $1.02 billion firm-fixed-price contract for the procurement of NASAMS fire units. The contract had a single bid submitted and will be executed in Tewksbury, Massachusetts, with completion expected by May 26, 2031.

The award is funded through Fiscal 2026 Foreign Military Sales (Kuwait) funding and was issued by the Army Contracting Command at Redstone Arsenal, Alabama.

LMT And RTX Stock: What Retail Sentiment Says

Despite the contract wins, Stocktwits retail sentiment for Lockheed Martin (LMT) was “bearish,” while sentiment for Raytheon (RTX) was “extremely bearish.”

Year-to-date, LMT stock has gained 10.14%, while RTX shares have declined 3.35% in the same period.

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