Honeywell, Lockheed gain on new US defense production agreements

Shares of industrial conglomerate Honeywell HON.O rise 1.3% to nearly $225 and defense firm Lockheed Martin LMT.N marginally up 0.4% at about $613 premarket

Honeywell Aerospace has signed a supplier framework agreement with the U.S. Department of War, backed by a multi-year $500 million investment to expand defense production

"Honeywell Aerospace is proud to embrace the challenge and meet this urgent need," said Jim Currier, CEO of Honeywell Aerospace

Separately, Lockheed Martin and the U.S. Department of War have signed a framework agreement to accelerate Precision Strike Missile production, building on a $4.94 billion U.S. Army contract awarded in 2025 and set to quadruple capacity

As of last close, HON up 13.6% YTD and LMT up 26.2% YTD