Wednesday, February 4, 2026 at 1:03 PM
RTX's Raytheon division has signed five agreements with the Pentagon to significantly increase missile production, including a 16-fold increase in Tomahawk cruise missiles, following pressure from the Trump administration.
Lockheed Martin said it will quadruple its Thaad missile-defense system output, to roughly 400 interceptors a year, in response to demand from Pentagon officials gearing up for conflicts on multiple fronts.
The new strategy will give priority to overseas partners that have invested in their own military defenses.
Major weapons makers are defending dividends as the Pentagon pressures them to invest more in factories.
The review stems from a presidential executive order calling for a ban on stock buybacks and limits to executive compensation.