Key Points RTX has a $289 billion backlog, including $119 billion in defense, giving it strong visibility into future revenue. Northrop Grumman's B-21 bomber and Sentinel missile programs support a $104.7 billion backlog with decades of follow-on work. Both companies offer exposure to mission-critical hardware and long-term contracts, unlike Palantir's software-driven, higher-valuation model. 10 stocks we like better than Northrop Grumman › Palantir Technologies (NASDAQ: PLTR) may be one of the biggest names in defense tech, but the biggest concern about it among investors doesn't relate to the business itself, but to the price they are paying for the stock. The company's growth is heavily concentrated in the U.S.
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