Make a lot of money! The two major U.S. military industry giants released profit data, and their stock prices soared in response
On the evening of July 23, Beijing time, the U.S. military industry sector bucked the trend and rose sharply. As of press time, U.S. military giant Lockheed Martin has risen by more than 11%, and Raytheon Technologies has risen by more than 8%. On the news, Lockheed Martin's latest interim report shows that as of June 28, 2026, it recorded a profit attributable to shareholders of US$3.324 billion, a year-on-year increase of 61.83%; total revenue was US$38.084 billion, a year-on-year increase of 5.44%; net assets per share were US$38.03, a year-on-year increase of 29.57%.
On the evening of July 23, Beijing time, the U.S. military industry sector bucked the trend and rose sharply. As of press time, U.S. military giant Lockheed Martin has risen by more than 11%, and Raytheon Technologies has risen by more than 8%. On the news, Lockheed Martin's latest interim report shows that as of June 28, 2026, it recorded a profit attributable to shareholders of US$3.324 billion, a year-on-year increase of 61.83%; total revenue was US$38.084 billion, a year-on-year increase of 5.44%; net assets per share were US$38.03, a year-on-year increase of 29.57%. The company raised its full-year sales forecast for 2026 to US$79.75-81.75 billion. Raytheon Technologies reported second-quarter sales of $24.7 billion, beating market expectations. The company raised its sales and profit forecast for 2026. The outstanding performance of the two major U.S. military industry giants is inseparable from war. U.S. Defense Secretary Hegseth said on the 21st that according to the latest Pentagon estimates, the U.S. cost of the war with Iran has reached 37.5 billion U.S. dollars, and warned that there is a "serious funding gap." On the 22nd local time, the U.S. House of Representatives passed two blockbuster bills: the National Defense Authorization Act for Fiscal Year 2027 and an appropriation bill. The former totals about 1.15 trillion U.S. dollars, a record high in defense budget history; the latter amounts to 95 billion U.S. dollars, mainly to provide additional funds for the Iran war. Although the Republicans narrowly pushed the two bills to pass the House of Representatives, given that the voting results highlighted the serious differences between the two parties on issues such as the military budget and the Iran war, whether the two bills can successfully pass the Senate is under question. It is worth noting that the U.S. government has repeatedly asked defense companies to increase production. Trump had an emergency meeting with seven U.S. military industry giants in early March this year to discuss production progress and production increase plans. At the end of June, Trump met with ammunition manufacturers at the White House to urge them to speed up production. On July 15, the U.S. Department of Defense announced the launch of the "National Security Financial Fund" to help companies fill the supply gap of critical minerals through financial and credit support. Some analysts say that the Trump administration is incorporating the expansion of military production into the overall economic policy for the recovery of the U.S. manufacturing industry, and is trying to use the Pentagon's procurement needs to drive factory investment, advanced manufacturing, and domestic supply chain construction.