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Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware. Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion.
Company lowered revenue and EBITDA forecasts while accelerating its enterprise AI expansion strategy with Palantir.
The defense contractor said it is working in partnership with the U.S. government and multiple other NATO nations to conduct a series of feasibility studies that would qualify new suppliers in Europe for priority components of its advanced medium-range air-to-air missile.
EMBJ misses Q1 earnings estimates, but revenues jump 31% year over year as jet deliveries and backlog showed strong growth.
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