Lockheed Martin CorporationU.S.–Iran conflict drives defense spending expectations, benefiting Lockheed Martin as top defense contractor.

Lockheed Martin Corporation was a top contributor for the RiverPark Large Growth Fund in the first quarter of 2026, gaining 26% as the onset of the U.S.–Iran conflict in late February drove a significant re-rating of defense spending expectations. The company's position as the world's largest defense contractor, with leading platforms in fighter aircraft, missile defense, and rotary systems, made it a primary beneficiary of the sentiment shift. Lockheed Martin also reported solid fourth-quarter 2025 results during the quarter, with revenue and earnings per share in line with expectations and management reaffirming its mid-single-digit revenue growth and expanding margin outlook for 2026. The fund continues to view Lockheed Martin as a high-quality franchise with durable earnings power, exceptional cash generation, and a long backlog providing multi-year revenue visibility.
Lockheed Martin CorporationU.S.–Iran conflict drives defense spending expectations, benefiting Lockheed Martin as top defense contractor.