Lockheed Martin (LMT) and Palantir Technologies (PLTR) saw substantial stock increases on Monday, driven by the renewed U.S. and Israeli military operations against Iran. As global defense spending rises due to geopolitical tensions, both companies are positioned as key beneficiaries in the aerospace and defense sector.
Lockheed Martin reported a record $194 billion backlog in January, with production scaling up for its F-16 and F-35 fighter jets amidst ongoing military operations in Ukraine and near Iran. Palantir’s AIP platform and Ontology framework have secured over $10 billion in U.S. defense contracts, enhancing NATO command systems across various conflict zones.
Lockheed Martin’s stock reached an all-time high of $692, while its total sales are projected to increase 5% this year to $78.84 billion. Palantir’s stock, valued at $145, is forecasted to show a 60% sales increase to $7.22 billion by FY26. Both firms exemplify the hardware and software layers crucial for modern national security.
