Defense Contractors Poised to Benefit from Missile Market Growth

RTX has secured a $104M ESSM deal, strengthening its global missile leadership. Other defense contractors poised to benefit from the missiles and missile defense systems market include Northrop Grumman Corp., Lockheed Martin Corp., and The Boeing Company. These companies offer advanced missile systems, such as the AARGM-ER, PAC-3 missile family, and Aegis Ballistic Missile Defense. They have long-term earnings growth rates of 4.19%, 11.94%, and 31.33%, respectively. The Zacks Consensus Estimate for 2025 sales stands at $41.88 billion, $74.44 billion, and $87.26 billion, implying increases of 2.1%, 4.9%, and 31.2%, respectively.