Lockheed Martin's LMT shares have risen 12% over the past six months against the Zacks Aerospace-Defense industry's decline of 8.8%. Lockheed Martin is benefiting from a favorable macro backdrop of higher U.S. and allied defense spending, inventory replenishment and growing demand for missile defense, munitions, advanced aircraft and space systems.Zacks Investment Research Image Source: Zacks Investment Research Shares of other defense stocks, such as RTX Corporation RTX and General Dynamics GD, have also outperformed the industry over the aforementioned period. RTX and General Dynamics have increased 9.1% and 2.6%, respectively. RTX's defense business remains well positioned, backed by strong bookings from the Pentagon and foreign allies.
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