Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware.

Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion. That projection included a preliminary $35 billion Pentagon contract to buy Thaad missile interceptors over the coming years.

RTX, the owner of weapons maker Raytheon and the Pratt & Whitney engine business, also raised its 2026 sales growth, adjusted earnings and free cash flow projections.

"We took the outlook up very considerably," RTX finance chief Neil Mitchill said in an interview, highlighting especially strong demand for missiles, sensors and air-defense batteries.

Shares in RTX and Lockheed rose more than 5% in premarket trading.