Lockheed Martin, RTX Land F-35 Contracts, Hover Near Buy Points

The war in Iran and conflicts in the Middle East dragged into their seventh day on Friday. U.S. strikes continued across Iran, targeting suspected military installations and weapons sites. Israel increased its defense budget to fund the operations, and launched a new wave of strikes against Lebanon on Thursday. Iran has retaliated with its own strikes against neighboring countries, Israel and oil tankers.

Meanwhile, the U.S. Navy on Friday awarded multiple sustainment contracts to Lockheed Martin and RTX to help maintain the F-35 fleet.

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Lockheed Martin, RTX Land F-35 Contracts

The U.S. Navy awarded Lockheed Martin (LMT) two F-35-related contracts. The first contract covers F-35 canopy part production, special tooling and test equipment procurement for the Joint Strike Fighter program. The contract has a maximum ceiling value of $83.69 million. As an undefinitized contract action (UCA), the price has not been finalized and could change after work begins. The Department of Defense obligated roughly $45 million at the time of the award, with $37 million of that funding expiring at the end of the current fiscal year. The work is expected to be completed in January 2027, according to the release.

The Navy also awarded Lockheed a $132.9 billion modification contract to provide test support and services for new F-35 capabilities. The contract covers administrative, maintenance and test preparation for training systems and flight test labs. The Navy obligated nearly $4.5 million in funds at the time, which will expire at the end of the fiscal year.

The Pentagon awarded RTX’s (RTX) Pratt and Whitney engines business a $256.26 million modification contract to bolster F135 propulsion system production, which are the engines for the F-35 fighters. The contract also covers increasing the F-35 global spare engine parts pool for the Joint Strike Fighter program. The work is expected to be completed in December 2029. No funds were obligated at the time of the award.

Lockheed, RTX Stock Close In On Entries

LMT stock ticked higher early Friday. Shares have formed a three-weeks-tight pattern with a 669.75 buy point.

Lockheed Martin has rallied more than 35% so far this year.

RTX inched up in early trade. RTX stock is rebounding from a bounce off support at its 50-day line last week and is holding support at its 21-day exponential moving average.

Aggressive investors could plot a buy point at 206.48, the high point in the stock’s brief consolidation.

Shares are up 11% in 2026.

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