Defense Giants Post Record Backlogs as Iran War Drains America’s Missile Stockpiles - The Daily Bo Snerdley

Defense Giants Post Record Backlogs As Iran War Drains America’s Missile Stockpiles

RTX and Northrop Grumman report record backlogs as the Pentagon races to replenish missile stockpiles amid the Iran war.

Defense giants post record backlogs as Iran war drains America’s missile stockpiles - The Daily Bo Snerdley

Two of America’s largest defense contractors reported record order backlogs Tuesday, with RTX securing nearly $23 billion in Tomahawk cruise missile contracts as the Pentagon faced mounting costs to replace weapons expended during the war with Iran. RTX disclosed a record $340 billion companywide backlog, including $164 billion in defense orders, while Northrop Grumman reported a record $109.6 billion in outstanding contracts. Although neither c…