3 Defense Stocks: Powerful Picks for a High-Stakes Missile Cycle

Lockheed Martin, RTX, and Northrop Grumman are positioned to benefit from a potentially years-long missile-production cycle, with multiyear contract awards improving demand and revenue visibility. The investment outlook remains differentiated by backlog quality, margin performance, production bottlenecks, and valuation, implying uneven upside across the three defense contractors.