Lockheed, RTX Build >$520B Backlog as Pentagon Budget Nears $1.5T
Lockheed Martin and RTX announced combined backlogs topping $520 billion, driven by the Trump administration’s request for a 44% boost in defense spending that would push the Pentagon budget toward $1.5 trillion. The surge in orders lifted both companies’ Q2 sales and prompted revenue forecasts to near $82 billion for Lockheed and $96 billion for RTX, underscoring a multi‑year earnings tailwind.