Defense Contractors Detail Earnings, Army Orders and Rocket Output in New Releases
NEW YORK, Nov. 11, 2026 /PRNewswire/ -- USA News Group News Commentary - Attorney General Todd Blanche and Jamie McDonald, United States Attorney for the Southern District of New York, together with FBI and NYPD officials, announced on Nov. 10 an eight-count superseding indictment charging a dual Iranian-Iraqi national, an Iranian national and an Iraqi national with terrorism-related offenses for their activities in support of Kata'ib Hizballah and Iran's Islamic Revolutionary Guard Corps (IRGC), two U.S. designated foreign terrorist organizations. According to the U.S. Attorney's Office release, the case covers the defendants' alleged involvement in nearly 20 attacks and attempted attacks throughout Europe and the United States, and a September 2026 plot at a British Royal Air Force base in Fairford, United Kingdom, where American armed forces were stationed. The release states that the charges contained in the superseding indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty. Active Companies from around the markets with current developments this week include: General Dynamics Corporation (NYSE: GD), Lockheed Martin Corporation (NYSE: LMT), RTX Corporation (NYSE: RTX), L3Harris Technologies, Inc. (NYSE: LHX), and Leonardo DRS, Inc. (Nasdaq: DRS).
Separately, the U.S. Department of War's contract announcements for Nov. 10 listed awards from the Defense Logistics Agency, the Navy, the Army, the Defense Health Agency and the Air Force. Among them, Systems Planning and Analysis (SPA), Inc. of Alexandria, Virginia, was awarded a $55,670,496 cost-plus-fixed-fee term task order for Trident II Strategic Weapons System (SWS) support, a value that includes optional line items, if exercised.
Among large listed contractors, the most recent company updates have centered on quarterly results, Army orders and rocket production. Five of them have reported results, orders or program milestones in their own releases since Oct. 29.
Releases and contract lists are one way to follow the defense sector; the chart is another. Our sister site, Stock Preachers, offers Knowledge is Power, a free 27-page guide in 10 chapters that teaches reading the news and reading the chart in plain English, along with The Roadmap every Monday, Wednesday and Friday. Get the free guide here.
General Dynamics Corporation (NYSE: GD)
General Dynamics reported third-quarter 2026 results on Oct. 30, with operating earnings of $1.5 billion and $4.49 per diluted share on revenue of $14.6 billion. Compared with the year-ago quarter, revenue increased 12.9%, operating earnings increased 14.7% and diluted EPS increased 15.7%.
Orders in the quarter totaled $98.8 billion, including $93.8 billion in the defense segments, driven by large orders in the Marine Systems segment for Virginia- and Columbia-class submarines, for a company-wide book-to-bill ratio of 6.8-to-1. Backlog at the end of the quarter was $220.3 billion. "Our business had exceptional third quarter results, with revenue growth across all four segments, robust bookings and solid operational performance," said Phebe Novakovic, chairman and chief executive officer. "With the consistent growth in our backlog and our significant investment in our businesses over the last decade, we are poised to drive continued performance in the years to come."
Lockheed Martin Corporation (NYSE: LMT)
Lockheed Martin announced on Nov. 10 that it has reached two major milestones in the accelerated production of GMLRS rockets for the U.S. Army and America's allies. The company said it has delivered its 100,000th GMLRS rocket and is now producing nearly 14,000 rockets per year, a production rate achieved ahead of schedule.
The company also said its collaboration with General Dynamics Ordnance and Tactical Systems (GDOTS) recently completed the first test of a new solid rocket motor for GMLRS, with continued testing planned and motor qualification in 2027 leading to a third domestic source for a key component. "Today's production milestones reinforce how Lockheed Martin is delivering with urgency, investing in our supply chain and ensuring American forces have what they need, before they need it, to defend here and around the world," said Gaylia Campbell, vice president and general manager, Lockheed Martin Tactical Missiles.
RTX Corporation (NYSE: RTX)
Raytheon, an RTX business, said on Nov. 9 that it demonstrated its DeepStrike JR3 solution for the U.S. Army's Joint Reduced Range Rocket program during a third successful flight test. DeepStrike JR3 is designed to replace the U.S. Army's Reduced Range Practice Rocket. During the recent test at Yuma Proving Ground, Ariz., Raytheon rapidly fired multiple JR3 rounds and demonstrated several key performance attributes, including launch pod container reusability and maintainability, range, trajectory, accuracy and visibility of the marking solution.
On Nov. 3, Raytheon said it had been awarded a phase one contract from the Defense Advanced Research Projects Agency (DARPA) to develop an all-optical processing system for the PICASSO program. Under the contract, Raytheon's Advanced Technology team will design and demonstrate new photonic circuit technology that uses light rather than electricity to process signals. "DeepStrike JR3 meets the performance the Army expects from a training rocket while driving down cost and complexity," said Brian Burton, vice president of Precision Fires & Maneuver at Raytheon. "By pairing a reusable pod with an affordable rocket, we're giving the Army a modern, sustainable way to train."
L3Harris Technologies, Inc. (NYSE: LHX)
L3Harris said on Nov. 2 that it has received multiple production orders in support of the U.S. Army, with a combined value of $121 million, for a Low-Cost Data Radio (LOCODA) solution to assist Army Command and Control requirements. The company said LOCODA will support a wide range of capabilities, including narrowband and wideband waveforms and anti-jam capabilities.
On Nov. 3, L3Harris said it received a $36 million order in support of the U.S. Army for the Hawkeye 4 Lite satellite communications terminal, and said the contract will field under the Command and Control Network Optimized for Warfighting (C2NOW) initiative. "Our LOCODA solution leverages existing installation kits to rapidly field an enhanced version of vehicle communications, which allow battlefield commanders to access Army Command and Control applications with multiple transport options from a single platform quickly and with minimal training," said Chris Aebli, President, Communications & Spectrum Dominance, L3Harris.
Leonardo DRS, Inc. (Nasdaq: DRS)
Leonardo DRS reported third quarter 2026 results on Oct. 29, with revenue of $1.1 billion, up 11% year-over-year, net earnings of $115 million, up 60%, and diluted EPS of $0.43, up 65%. Bookings were $1.6 billion, a book-to-bill ratio of 1.5x, and record funded backlog was $5.6 billion, up 21% year-over-year.
The company raised its 2026 guidance for revenue to $3,950 million to $3,985 million, from $3,900 million to $3,975 million, and for adjusted diluted EPS to $1.50 to $1.53, from $1.34 to $1.39, and declared a cash dividend of $0.09 per share to be paid on Nov. 25, 2026. "Leonardo DRS delivered a strong third quarter, with 11% organic revenue growth and profitability growing even faster," said John Baylouny, President and CEO of Leonardo DRS.
None of the five contractors above is named in the Nov. 10 indictment release; their results, orders and production milestones come from their own announcements. To learn how to read the news and the charts behind stocks like these, get the free Knowledge is Power guide from Stock Preachers at https://usanewsgroup.com/sp/
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This article is independent news commentary. USA News Group is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Indictment details are from the U.S. Attorney's Office for the Southern District of New York's Nov. 10, 2026 release; contract details are from the U.S. Department of War's Nov. 10, 2026 contract announcements; company figures and quotes are as reported in each company's own releases. No intraday or closing market prices are cited in this article. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.
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