The defense industry is poised for budget increases, but Q2 results set companies apart. Lockheed Martin faces challenges with legacy program write-offs impacting earnings. RTX beats revenue but reduces earnings guidance due to rising costs. Meanwhile, Northrop Grumman shines in Q2 with top and bottom-line outperformance, increased backlog, and improved guidance. Shares are on the rise, but each company’s stock trajectory varies.

Read more at Nasdaq: Defense Sector Q2 Recap: Lockheed, RTX, Northrop Grumman