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Defense Industry News 30 January 2026 - 1 February 2026

L3Harris stock slips despite Navy Red Wolf win — what to watch in space and defense shares this week

L3Harris stock slips despite Navy Red Wolf win — what to watch in space and defense shares this week

L3Harris shares fell 3.7% to $342.85 Friday, underperforming defense peers after missing quarterly revenue estimates. The company announced a U.S. Navy contract for its Red Wolf long-range missile, but withheld financial details. Trading volume spiked above the 50-day average. Markets reopen Monday as investors watch contract flow and budget signals.
1 February 2026
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L3Harris Navy “Red Wolf” win and Lockheed missile push: defense and space stock prices to watch Monday

L3Harris Navy “Red Wolf” win and Lockheed missile push: defense and space stock prices to watch Monday

L3Harris shares fell 3.7% after announcing a U.S. Navy contract for Marine Corps precision-strike vehicles. Lockheed Martin rose 1.88% as it detailed plans to boost missile production and projected $6.5–$6.8 billion in 2026 free cash flow. Redwire dropped to $11.75 following insider sales. Markets closed Friday with defense and space stocks mixed.
31 January 2026
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Oracle stock price drops again as AI fears weigh; Air Force cloud order lands

Oracle stock price drops again as AI fears weigh; Air Force cloud order lands

Oracle shares fell 2.6% to $164.58 Friday, extending losses in software stocks despite the company winning an $88.1 million U.S. Air Force cloud contract. Investors remain cautious as concerns grow over AI-driven disruption and rising capital spending. The stock showed little movement after hours. Oracle’s next earnings report is set for March 9.
30 January 2026
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TTM Technologies stock price rises as $200 million Raytheon contract keeps buyers interested

TTM Technologies stock price rises as $200 million Raytheon contract keeps buyers interested

TTM Technologies shares rose 2.6% to $98.98 Friday after landing a supply contract with Raytheon worth up to $200 million over three years. The deal covers hardware for Raytheon’s air and missile defense radar program. TTM will join the S&P MidCap 400, replacing Civitas Resources, which could spur index-driven buying. Jabil and Sanmina shares fell, while Plexus edged higher.
30 January 2026
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RTX stock price holds near $200 after $1B Army radar contract — what traders are watching next

RTX stock price holds near $200 after $1B Army radar contract — what traders are watching next

RTX shares rose 0.3% to $200.50 after the U.S. Army awarded Raytheon a $1.025 billion LTAMDS contract modification, with work set in Andover through March 2030. Raytheon also landed a $197 million U.S. Air Force order for reconnaissance pods for Poland. Defense stocks traded mixed; Lockheed Martin gained 1.6%, while Northrop Grumman fell 0.8%. RTX’s earnings report is expected in late April.
30 January 2026
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Lockheed Martin stock price climbs again as THAAD ramp and 2026 outlook stay in focus

Lockheed Martin stock price climbs again as THAAD ramp and 2026 outlook stay in focus

Lockheed Martin shares rose 1.2% to $629.97 midday Friday after forecasting 2026 earnings of $29.35–$30.25 per share and sales up to $80 billion. The company signed a new deal with the U.S. Department of War to boost THAAD interceptor production to 400 units annually. Lockheed reported a record $194 billion backlog. Thursday’s stock surge hit a 52-week high.
30 January 2026
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Palantir stock falls today: UK defence deal, ICE scrutiny and the Feb. 2 earnings test

Palantir stock falls today: UK defence deal, ICE scrutiny and the Feb. 2 earnings test

Palantir shares fell 1.9% to $148.98 in early Friday trading, lagging the broader market ahead of its Feb. 2 earnings report. The UK Ministry of Defence awarded Palantir a £240.6 million contract for analytics support. Investors showed caution amid sector-wide jitters and renewed concerns over AI investment costs.
30 January 2026
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Ondas Inc (ONDS) stock slips as Singapore Airshow defense rollout comes into focus

Ondas Inc (ONDS) stock slips as Singapore Airshow defense rollout comes into focus

Ondas shares fell about 8% to $11.27 Friday after the company announced a new defense and security product launch for next week’s Singapore Airshow. The drop follows a recent $1 billion stock-and-warrant financing and comes as investors seek evidence of new orders. Ondas also said its Optimus drone was added to the Defense Department’s Blue UAS cleared list, enabling faster federal procurement.
30 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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