Updated on September 30, 2025
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Military contracts to publicly traded defense companies have multiplied in recent weeks. This could be significant to investors, who will also note news of the military gathering taking place today in Virginia. According to NPR, President Trump will attend the gathering that Defense Secretary Pete Hegseth has ordered, at short notice, of most of the U.S. military’s top commanders. At the meeting, he plans to impart information about military standards and his ethos of war.
While U.S. military strategy is largely kept secret, we do know that the U.S. intends to focus on homeland security, and that might be linked to an apparent stockpiling of weapons.
In addition, on September 29, the Wall Street Journal reported that the Pentagon is concerned about the possibility of a conflict with China in the future. In order to prepare for such an event, it has been calling on missile suppliers to “double or even triple” their missile output.
Here is a list of some recently inked agreements between the U.S. military and publicly traded defense companies:
Northrop Grumman (NOC): Awarded a $972M Air Force contract two weeks ago.
Boeing (BA): Awarded a $125.58M Army contract modification last week.
Lockheed Martin (LMT): Awarded a $10.33B Navy contract modification last week. Additionally, it was awarded a $610M Navy contract modification last week.
General Dynamics (GD): On September 29, General Dynamics Electric Boat division was awarded a $642M contract modification to a previously awarded contract supporting submarine production. Last week, another of its business units, GDIT, was awarded a $1.5B contract to strengthen U.S. STRATCOM.
L3Harris Technologies (LHX): On September 29, L3Harris was awarded a $939.6M contract from the U.S. Navy. Last month, it received, for its Javelin Joint Venture (together with LMT), a multi-year contract from the Army with a total value of $1.3 billion.
RTX (RTX): On September 29, RTX’s Raytheon was awarded a $5.04B contract from the U.S. Army. Also on September 29, it received a $127.5M contract modification from the Missile Defense Agency. Last week, it was awarded a $160.92M Navy contract modification.
HII (HII): Awarded a $160.09M Navy contract modification, two weeks ago.
Which Defense Stock Is Best?
According to TipRanks’ Comparison Chart, Boeing and L3Harris Technologies are both Strong Buys, according to analyst consensus. Of those, Boeing has more upside, at 17.84%.
