Lockheed Martin and RTX rally after stronger results and higher 2026 expectations

Lockheed Martin and RTX rallied on July 23 after their latest results highlighted the earnings benefits of robust defense demand and constrained commercial-aircraft supply.

Lockheed Martin shares rose 10.5% after the company reported 11% sales growth, a record backlog of about $230 billion and an improved outlook. RTX gained 7.3% after raising its 2026 sales and profit forecasts amid strong demand for commercial-aircraft maintenance and defense products.

The results reinforced the financial impact of weapons-replenishment programs and higher defense spending. RTX’s update also showed how limited commercial-aircraft supply is supporting demand for maintenance services.

The two companies were among the S&P 500’s strongest contributors during an otherwise negative session, making their gains significant for the broader market as well as the aerospace and defense sector.

The reported sales growth, backlog, outlook changes and share-price moves are confirmed by the event package. What remains uncertain is whether the demand conditions and market gains will persist beyond the reported period.