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Lockheed Martin vs. L3Harris: Which Defense Giant Belongs in Your Portfolio?
Lockheed Martin (LMT) and L3Harris Technologies (LHX) both reported strong Q4 2025 earnings, capitalizing on increased U.S. defense spending. Lockheed Martin saw its Missiles & Fire Control segment rebound to profit and a significant jump in F-35 deliveries, while L3Harris achieved record orders and consistent organic revenue growth. Despite both companies performing well, Lockheed Martin appears to be a more attractive investment due to its lower forward P/E ratio and strong projected segment operating profit growth for 2026.