3 High Backlog Defense Stocks to Buy in June

2 hours ago 4

Joel South

Sat, June 13, 2026 astatine 7:30 AM CDT 5 min read

Quick Read

LMT's $194 cardinal backlog spans 2.5 years of income portion NOC's B-21 flipped from a $183 cardinal nonaccomplishment to $305 cardinal successful profit.
RTX raised 2026 guidance aft Q1 adjusted EPS bushed statement by 17%, making it the lone 1 of the 3 primes to assistance its full-year outlook.
With $60 cardinal allocated to FY2027 munitions, execution alternatively than caller orders volition abstracted defence assemblage leaders arsenic Washington rewires however it buys weapons.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Lockheed Martin didn't marque the cut. Grab the names FREE today.

Defense contractors person spent the past twelvemonth doing precisely what they are designed to do: Deliver predictable currency flow, thin connected multi-year backlogs and reprice higher arsenic geopolitical hazard refuses to fade. With $52.9 cardinal earmarked for captious munitions successful the FY 2027 Department of War fund petition and defence ranked the standout ETF taxable of 2025, the assemblage backdrop heading into mid-2026 favors scale, declaration visibility, and accumulation capacity.

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Below are 3 names worthy a person look this month, each with a tool-verified information constituent grounding the thesis.

Lockheed Martin: The Backlog Anchor

Lockheed Martin (NYSE:LMT) trades astatine $525.02 arsenic of June 10, with shares up 10% twelvemonth to day and 13% implicit the past year. The guardant P/E sits astatine 17, the dividend output astatine astir 3% and the expert people terms stands astatine $625.16.

The bull lawsuit rests connected a grounds $194 cardinal backlog representing much than 2.5 years of income and the precocious signed multi-year model agreements with the Department of War for Patriot, THAAD, and PrSM. CEO Jim Taiclet said the deals volition "increase accumulation rates of these captious systems by 3 to 4 times existent rates," locking successful request against a fund situation that wants much munitions, faster. FY2026 guidance was reaffirmed astatine $77.5 cardinal to $80.0 cardinal successful income and diluted EPS of $29.35 to $30.25, with operating nett expected to turn astir 25% twelvemonth implicit year.

The caveat is real. Q1 2026 EPS of $6.44 missed the $6.70 consensus, escaped currency travel turned antagonistic astatine -$291 million, and a $125 cardinal unfavorable F-16 complaint reminded investors that fixed-price programme hazard has not gone away. The backlog buys patience; execution inactive needs to improve.

Northrop Grumman: The B-21 Inflection

Northrop Grumman (NYSE:NOC) trades astatine $542.14, down 4% twelvemonth to day but inactive up 13% implicit 12 months. Trailing P/E sits astatine 17, guardant P/E astatine 20, and dividend output astatine 2%. The expert people of $696.95 implies meaningful upside, with 4 Strong Buys and 10 Buys against 9 holds. Sentiment screens bullish astatine a composite people of 64.72.

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