Lockheed Martin posted Q2 2026 adjusted EPS of $7.94 on revenue of $20.06 billion, beating estimates and marking year-over-year growth driven by higher demand across segments, with the Aeronautics division contributing strongly and a backlog of about $230 billion. The company also raised its full-year guidance, signaling around 8% sales growth as it benefits from key programs like the F-35. RTX Corporation delivered a robust quarter with adjusted EPS of $1.89 and revenue of $24.71 billion, up about 14.5% year over year, backed by a backlog near $289 billion and strength across Collins Aerospace, Pratt & Whitney, and Raytheon segments. Backlog expansion and improved margins at RTX underscore ongoing demand, with expectations for continued defense spending and a broader, integrated production network. RTX’s stock activity reflected positive momentum, while Lockheed’s shares have shown solid but more measured performance year-to-date as investors weigh earnings momentum and outlook. Analysts point to favorable defense demand, backlog visibility, and efficiency gains as key drivers shaping near-term sentiment for both companies.