Why it’s on the map
Buy American + domestic munitions base. $8–9B of facility investment across 20+ US sites; PAC-3 capacity to triple by 2030.
Government money & contracts
July 29, 2026: $53.86B modification → $58.62B multiyear PAC-3 MSE contract over 7 years.
Customers & commercial
Dept of War, allies.
Catalysts
Q3 around Oct 21; definitization of terms.
Risk
Undefinitized terms; F-35 cash.
Tariff durability
Durable (appropriated).
Dividend · #19 of 47 payers by yield
2.17% yield
$13.80 a share a year · quarterly · pays Mar · Jun · Sept · Dec
Per payment$3.45a share, 4× a year
Next payoutDec 31declared · $3.45 a share
Last ex-dateSept 1, 2026next ex-date Dec 1, 2026
Last paidSept 25, 2026$3.45 a share
Payout ratio49%of earnings · well covered
Raised23 yrsconsecutive years of increases
Shares at the Oct 30 close of $636.951.57
Each payment$5.42
Per year · 4 payments$21.67
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 1, 2026 | Sept 25, 2026 | $3.45 | |
| Jun 1, 2026 | Jun 26, 2026 | $3.45 | |
| Mar 2, 2026 | Mar 27, 2026 | $3.45 | |
| Dec 1, 2025 | Dec 30, 2025 | $3.45 |
Yield = $3.45 × 4 ÷ the Oct 30 close of $636.95. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source