Missiles & precision strike

Coverage of guided missiles, precision munitions and the constrained supply chain that builds them.

Why this segment matters

Precision strike sits at the centre of modern force structure, and stockpile depletion has made replenishment a procurement priority across air, land and naval domains. Unlike unguided munitions, these weapons combine seekers, guidance electronics, solid rocket motors and specialised energetics, which means production rates are gated by whichever component is scarcest rather than by final assembly capacity.

Solid rocket motors have proved the most persistent constraint. Consolidation among Western suppliers over the past two decades left few qualified producers, and qualifying a new source is a multi-year process involving extensive testing. Seeker components, radiation-hardened electronics and specialty propellants raise similar barriers. These qualification requirements are what make the segment defensible for incumbents and difficult for new entrants, whatever the level of demand.

Coverage here tends to follow multi-year procurement authorisations, foreign military sales approvals, production rate increases, new entrants attempting to qualify as second sources, and test milestones for next-generation programmes. Watch for the gap between contract award and actual delivery: in this segment the two can diverge by several years.

Lockheed Martin CorporationNYSE: LMT

Video: Saildrone Surveyor USV Fires Lockheed Martin JAGM during RIMPAC

A Saildrone Surveyor USV successfully fired a Lockheed Martin JAGM missile during the RIMPAC 2026 exercise.

Naval News·yesterday
Leidos HoldingsNYSE: LDOS

Can Hypersonic Weapons Production Boost Leidos' Growth Prospects?

Leidos is expanding its role in hypersonic weapons as Army and Navy programs transition toward production phases.

Yahoo Finance·yesterday
Kratos DefenseNASDAQ: KTOS

Kratos ARAV-B Ballistic Missile Target Successfully Utilized In Multinational Pacific Dragon 2026 Exercise

Yahoo Finance

Yahoo Finance·2d ago
Kratos DefenseNASDAQ: KTOS

Kratos ARAV-B Ballistic Missile Target Successfully Utilized In Multinational Pacific Dragon 2026 Exercise

GlobeNewswire

GlobeNewswire·2d ago
Lockheed Martin CorporationNYSE: LMT

UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth

UBS upgraded Lockheed Martin from Neutral to Buy, citing potential for earnings growth driven by missile demand and F-35 sustainment.

Yahoo Finance·3d ago
Lockheed Martin CorporationNYSE: LMT

Lockheed Martin's Missile Segment Could Grow 150% by 2030

Yahoo Finance

Yahoo Finance·3d ago
Lockheed Martin CorporationNYSE: LMT

Lockheed Martin’s (LMT) Javelin JV Signs Co-Production MOU With Tata Advanced Systems

Lockheed Martin and Raytheon's Javelin Joint Venture signed an MOU with Tata Advanced Systems to produce Javelin missiles in India.

Yahoo Finance·4d ago
Lockheed Martin CorporationNYSE: LMT

Lockheed's $729 Million HIMARS Win Feeds a 19% Missile-Sales Surge

Yahoo Finance

Yahoo Finance·4d ago
Lockheed Martin CorporationNYSE: LMT

Lockheed Martin (LMT)’s HIMARS Win in Sweden Strengthens its European Defense Footprint

Yahoo Finance

Yahoo Finance·4d ago
Kongsberg Gruppen ASAOslo: KOG

KONGSBERG StrikeMaster Deploys to Jan Mayen for NATO Arctic Exercise

Naval News

Naval News·6d ago
Lockheed Martin CorporationNYSE: LMT

Site Expansions Underpin Lockheed Martin’s Munitions Production Ramp

The War Zone

twz·9d ago
RTX CorporationNYSE: RTX

Is RTX (RTX) Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?

Yahoo Finance

Yahoo Finance·14d ago
RTX CorporationNYSE: RTX

RTX's Raytheon completes $50 million expansion of Mississippi manufacturing facility

Yahoo Finance

Yahoo Finance·15d ago
RTX CorporationNYSE: RTX

RTX's Raytheon completes $50 million expansion of Mississippi manufacturing facility

PR Newswire

PR Newswire·15d ago
RTX CorporationNYSE: RTX

Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation (RTX)

Yahoo Finance

Yahoo Finance·16d ago
AeroVironment, Inc.NASDAQ: AVAV

AV Receives $51 Million U.S. Army Order for Switchblade® 600 Loitering Munitions

Yahoo Finance

Yahoo Finance·16d ago
Northrop Grumman CorporationNYSE: NOC

NOC Stock Inches Ahead — Northrop CEO Reportedly Eyes ‘Decent Share’ In Potential $1 Trillion Golden Dome Defense Contracts

Yahoo Finance

Yahoo Finance·17d ago
Lockheed Martin CorporationNYSE: LMT

Lockheed Martin (LMT) Expands Into AI Airspace Monitoring And Sea Launch

Yahoo Finance

Yahoo Finance·17d ago
Kratos DefenseNASDAQ: KTOS

Kratos Providing Spartan J85 Engines to Support Boeing JDAM LR Production Contract

GlobeNewswire

GlobeNewswire·18d ago
Kratos DefenseNASDAQ: KTOS

Kratos Providing Spartan J85 Engines to Support Boeing JDAM LR Production Contract

Yahoo Finance

Yahoo Finance·18d ago