American weapons manufacturers are experiencing a surge in sales as the US increases defense spending to replenish missile stockpiles and prepare for potential conflicts. Major companies like Lockheed Martin, Northrop Grumman, and RTX (parent of Raytheon) have raised profit forecasts due to record order backlogs.

Lockheed Martin reported a 19% rise in missile business revenue, driven by demand for Patriot and Precision Strike missiles used in the Iran conflict. A significant order for the Terminal High Altitude Area Defense system also boosted its backlog to $230 billion. Similarly, RTX saw an 18% sales increase, with demand for Tomahawk missiles increasing substantially. The Pentagon's requests for Tomahawks for the 2027 budget alone are nearly ten times the average annual procurement over the past decade.

Analysts note that ongoing hostilities will further deplete missile inventories. The US is encouraging prime contractors to accelerate production through longer-term agreements. Companies are investing billions to expand manufacturing capabilities. RTX's CEO highlighted the significance of the US defense budget nearing $1 trillion, signaling sustained demand for years to come.