Defense Spending Boom Powers Wall Street’s Top Contractors: LMT, LHX & GD Leading the Charge
As global military budgets surge, aerospace & defense giants are in the spotlight—and your portfolio should know why
Lockheed Martin (LMT, NYSE) is trading at about $462.52, showing modest movement after the Pentagon slashed F‑35 orders but accelerated missile and drone initiatives. It's bracing for a major lift from the proposed “Golden Dome” missile‑defense system, hypersonic weapons, space systems, and AI capabilities. Its broad exposure across aeronautics, missiles, rotary systems, and space makes LMT a classic defense powerhouse.
L3Harris Technologies (LHX, NYSE), at $255.73, stands to benefit dramatically from U.S. and NATO spendings aimed at cybersecurity, drone defense, and undersea infrastructure protection. Its SeaHunter unmanned underwater drone aligns directly with calls to secure submarine cables.
General Dynamics (GD, NYSE), seeing renewed interest around $294.76, is earning big contracts tied to Virginia‑class subs and armored vehicles—fitting perfectly into multi‑billion dollar defense budget upticks.
This tends to occur when strategic budget shifts happen: NATO members are aiming for 5% of GDP on defense by 2035, and the U.S. is steering funds away from ships toward drones, missiles, cybersecurity, and strategic programs like Golden Dome. Meanwhile, LMT’s dip on fewer F‑35s is eclipsed by its robust revenue plans across diverse next‑gen systems.
Investors betting on this defense supercycle—driven by geopolitical friction from the Middle East to Eastern Europe and prompted by modern threats like cyberwarfare and hypersonics—should keep LMT, LHX, and GD on their radar. While LMT anchors as the prime contractor, LHX’s niche in drones and communications, and GD’s strength in subs and vehicles deliver balanced exposure to the sector’s near‑term gains and long‑term transformation.
Lockheed Martin Corp. (LMT) is a stock listed on the NYSE. The price is 462.52 USD currently with a change of -0.45 (-0.10%) from the previous close. The intraday high is 465.05 USD and the intraday low is 461.02 USD. The latest open price was 463.71 USD with intraday volume at 707,859.
L3Harris Technologies Inc. (LHX) trades on the NYSE. The price is 255.73 USD, up 1.95 (0.77%) on the day, with a high of 256.50 and a low of 253.51. The latest open price was 253.84 with a volume of 575,399.
General Dynamics Corp. (GD) is also NYSE-listed, trading at 294.76 USD, up 0.74 (0.25%), with a high of 295.36 and low of 292.01. Opened at 293.07, volume reached 646,635.