Lockheed Martin vs. L3Harris: Which Defense Giant Belongs in Your Portfolio?

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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.

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