Boeing and Lockheed Martin Both Cash In on the Pentagon’s Contract Calendar

On September 14, the Pentagon announced nearly $1.9 billion in contract awards and potential contract value involving two of its largest prime contractors, showing how the US defense budget continues to provide recurring funding to both uncrewed systems and long-range tactical weaponry. The Boeing Company (NYSE:BA)'s long-delayed MQ-25A Stingray has finally begun production, thanks to a fixed-price Navy deal worth over half a billion dollars. On the same day, Lockheed Martin Corporation (NYSE:LMT) was awarded three separate contracts totaling more than $1.3 billion, including a major missile contract.