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Money Racket
Who Cashes In When Washington Moves
Today's Money Racket — Jul 1, 2026

The Brief

Who just cashed in
01

Lockheed Martin lands $35B THAAD contract — interceptor production quadruples

Lockheed Martin signed a $35.3 billion DOD contract to quadruple production of THAAD (Terminal High Altitude Area Defense) interceptor missiles. The award comes as the White House simultaneously requests $87.6 billion from Congress to replenish Pentagon stockpiles after the U.S. military campaign against Iran.

Why it matters — Lockheed Martin (LMT) is the direct and sole beneficiary — this is one of the largest single missile contracts in DOD history, and the production ramp will run for years. The $87.6B supplemental request [87] backstops further awards. Raytheon/RTX supplies radar and fire-control components for THAAD and benefits as a supplier. AeroVironment (AVAV) is a separate but concurrent winner — up 19% on defense spending momentum [36] — and the drone/interceptor spending surge is broad enough to lift L3Harris (LHX) and Northrop Grumman (NOC) on coattail orders.

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