Key Takeaways Lockheed Martin wins a $647M deal for Trident II D5 missile production and systems support.The Trident II D5 missile remains deployed on Ohio-class and UK Vanguard-class submarines.LMT's Missiles and Fire Control unit drives global growth with proven missile systems.Lockheed Martin Corp. (LMT) recently secured a modification to a previously awarded contract. The deal is for the production of Trident II D5 missiles and support for deployed systems. The deal has been awarded by the Strategic Sys ...

Core Insights - RTX Corporation's Raytheon segment secured a $250 million contract with Mitsubishi Electric Corporation to produce Evolved Seasparrow Missile (ESSM) Block 2, enhancing Japan's defense manufacturing capabilities [1][9] - Following the announcement, RTX's share price increased by 0.58% to $142.67 [2] - The global missiles and missile defense systems market is projected to grow at a CAGR of 5% from 2025 to 2030 due to rising geopolitical tensions [3] Company Overview - RTX is recognized for its advanced missile defense systems, leveraging innovative technology such as sensors, radars, and interceptors, which solidifies its leadership in the market [4] - The ESSM Block 2 missile features improved mobility and performance, reducing reliance on shipboard illumination and integrating with various combat systems [5][9] - RTX's product portfolio includes several combat-proven missiles, such as the SM-6, Patriot Guidance Enhanced Missile, and Tomahawk Cruise Missile [6] Industry Opportunities - Other defense companies like Boeing, Northrop Grumman, and Lockheed Martin are also positioned in the advanced missile systems market, with Boeing showing a long-term earnings growth rate of 18.1% and Lockheed Martin at 10.5% [7][8][10] - Northrop Grumman focuses on high-speed, long-range strike weapons, while Lockheed Martin develops advanced missiles and rockets [8][10] Stock Performance - Over the past six months, RTX shares have increased by 23.8%, outperforming the industry growth of 18.2% [11]