Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), And RTX (NYSE: RTX) Lead Defense Sector On Record Backlogs

Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), And RTX (NYSE: RTX) Lead Defense Sector On Record Backlogs

With $52.9 billion earmarked for critical munitions in the FY 2027 Department of War budget request, defense contractors are entering mid-2026 with significant structural advantages favoring scale and contract visibility. The sector has ranked as the standout ETF theme of 2025, and multi-year backlogs across the major primes continue to lock in demand at a time when geopolitical risk shows no sign of fading. Lockheed Martin (NYSE: LMT) trades at…