Golden Dome / Homeland Missile Defense
DoD accelerates THAAD and Aegis BMD development with $1.8B in contracts, while Congress moves to formalize 'Golden Dome' as a critical asset.
Where it stands
Each step compares the last four complete quarters with the two years before. A theme usually moves left to right: companies push, Congress and the White House act, the government buys, and markets respond.
- 1. Companies pushingRising
17 companies and groups lobbied on it in Q2 2026, against 8 a year earlier.
- 2. CongressFalling
0 bills introduced and 0 became law in the last four quarters, against 1 and 0 a year before that.
- 3. White House and agenciesFalling
0 proposed rules, 0 final rules and 0 presidential actions in the last four quarters, against 1 a year before that.
- 4. Government buyingFalling
28 purchase plans and award notices in the last four quarters, against 45 a year before that (records start October 2023).
- 5. MarketsFalling
0 insider purchases in the theme's companies in the last four quarters, against 1 a year before that. Their stocks: -8% over the same year, against +14% for the S&P 500. Among the 50 largest holdings of the funds we track, these stocks were worth $216.7B at the end of Q1 2026, against $125.7B a year earlier; the figure moves with prices and with how many funds rank them that high.
The setup
The US government is significantly expanding its missile defense capabilities, with a strong focus on the THAAD and Aegis Ballistic Missile Defense systems. This acceleration is evidenced by over $1.8 billion in contracts awarded by the Missile Defense Agency and the Navy, alongside legislative efforts to formally recognize a new 'Golden Dome' missile defense system as a critical national asset. The activity suggests a concerted effort to enhance both existing and future missile defense infrastructure.
How this developed
- Feb 28, 2025Missile Defense Agency awards Lockheed Martin $241.4M for THAAD Evolutionary Development.Federal contract
- Aug 15, 2025Missile Defense Agency awards Lockheed Martin $429.2M for THAAD Heritage Seeker Phase II.Federal contract
- Jun 24, 2026Missile Defense Agency awards Lockheed Martin $842.9M for THAAD MAC multi-year production contract FY26-32.Federal contract
The full story, year by year
| Year | Lobbying (companies) | Bills / laws | Rules proposed / final | Presidential actions | Government purchase notices | Insider buys | Held by tracked funds | Stocks vs S&P 500 |
|---|---|---|---|---|---|---|---|---|
| 2026* | 18 | 1 / — | — | — | 20 | — | $216.7B (2,838 funds) | -8% vs +14% |
| 2025 | 17 | 2 / — | — | 1 | 64 | 1 ($24K) | $192.1B (2,586 funds) | +29% vs +16% |
| 2024 | 4 | — | — | — | 34 | 1 ($536K) | $101.9B (2,048 funds) | +11% vs +23% |
| 2023 | 4 | — | — | — | 3 | 4 ($761K) | $94.4B (1,696 funds) | -9% vs +24% |
| 2022 | 3 | — | — | — | — | 4 ($771K) | $193.6B (1,646 funds) | +23% vs -19% |
| 2021 | 3 | — | — | — | — | — | $99.3B (1,375 funds) | +15% vs +27% |
| 2020 | 2 | — | — | — | — | 7 ($4.6M) | $92.7B (1,299 funds) | -4% vs +16% |
| 2019 | 2 | — | — | — | — | 7 ($3.4M) | $75.0B (867 funds) | +45% vs +29% |
| 2018 | 3 | — | — | — | — | 1 ($1.1M) | $42.9B (550 funds) | -19% vs -6% |
| 2017 | 3 | — | — | — | — | 5 ($937K) | $57.0B (561 funds) | +30% vs +19% |
| 2016 | 3 | — | — | — | — | 2 ($1.6M) | $42.6B (426 funds) | +13% vs +9% |
| 2015 | 1 | — | — | — | — | 2 ($515K) | $42.1B (361 funds) | — |
* Year to date. Lobbying is the most companies and groups naming the theme in any one quarter. Insider buys are officer and director open-market purchases in LMT, RTX, NOC, LHX. Fund holdings are the value of these companies among the top 50 positions of the funds whose 13F filings we track, at the latest quarter of each year. Stock returns are an equal-weight basket of the same companies with prices on file, split-adjusted, without dividends, against the S&P 500 over the same quarters.
- Lobbying before 2025 is still loading for this theme, so earlier years undercount.
- Lobbying reports for Q3 2026 are still being filed, so the comparison uses Q2 2026.
Milestones
- Feb 3, 2025The Iron Dome for America
Why it matters
- The Missile Defense Agency has committed over $1.8 billion to Lockheed Martin for THAAD and Aegis BMD development and production (E2, E3, E4, E11), indicating a significant investment in these core missile defense systems.
- Raytheon received over $348 million for SM-3 production capacity increase and technology refresh (E5, E7, E9, E10), suggesting an expansion and modernization of sea-based interceptor capabilities.
- The introduction of HR10766 (E14) and scheduled Senate hearings (E13) formally recognize 'Golden Dome' as a critical national priority, signaling future legislative and budgetary support for this emerging missile defense system.
- The Johns Hopkins APL contract for a Space-Based Interceptor program (E6) indicates an exploration of next-generation, space-based missile defense technologies, diversifying the overall defense strategy.
What to watch
Watch for further legislative action on HR10766, particularly cosponsors or movement out of committee, and any new contract awards specifically mentioning 'Golden Dome' to confirm its transition from policy signal to funded program.
Companies exposed to this theme
32 companies are tied to this theme by a lobbying filing or federal award checked to be about it: 1 listed specialist, 19 private companies, 11 large listed companies, 1 other listed company. Agencies have 12 open notices to buy for it.
- BLUEHALO LLC$AVAVlisted specialistFederal awards $25.6M
- IERUS TECHNOLOGIES INCprivateFederal awards $31.9M
- JACOBS/B&V, A JOINT VENTURE (FEDERAL SERVICES)privateFederal awards $25.5M
The full exposure map is in HillSignal Pro: every company ranked by exposure, with its awards and share of revenue, lobbying filings in their own words, insider and congressional trades, private raises, and what agencies are asking to buy, each linked to its source.
The record · 14 items, oldest first
- Nov 22, 2024BAE SYSTEMS TECHNOLOGY SOLUTIONS & SERVICES INC.: NON-PERSONAL ENGINEERING SERVICES IN SUPPORT OF THE AEGIS WEAPON SYSTEM (AWS) AND AEGIS COMBAT SYSTEM (ACS) DESIGNS, SHIP SELF DEFENSE SYSTE
- Feb 28, 2025LOCKHEED MARTIN CORP: THAAD EVOLUTIONARY DEVELOPMENT
- Jul 18, 2025LOCKHEED MARTIN CORPORATION: PROGRAM MANAGEMENT AND SYSTEM ENGINEERING TO DESIGN, DEVELOP, TEST, CERTIFY AND DELIVER AEGIS BALLISTIC MISSILE DEFENSE (BMD) 6.1 AEGIS WEAP
- Aug 15, 2025LOCKHEED MARTIN CORP: THAAD HERITAGE SEEKER PHASE II
- Sep 22, 2025RAYTHEON COMPANY: SM-3 BERYLLIUM MINING CAPACITY
- Oct 7, 2025THE JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY LLC: SPACE-BASED INTERCEPTOR (SBI) PROGRAM- PROVIDE TECHNICAL DEVELOPMENT EXPERTISE, SYSTEMS ENGINEERING AND ANALYSIS, MODELING AND SIMULATION, A
- Jan 20, 2026RAYTHEON COMPANY: SM-3 BLK IIA PRODUCTION CAPACITY INCREASE
- Feb 19, 2026NORTHROP GRUMMAN SYSTEMS CORPORATION: MISSILE DEFENSE AGENCY (MDA) MODELING AND SIMULATION VISTAS - THREAT AND ADVANCED SIMULATIONS DEVELOPMENT (MSV-TASD) EFFORTS. SEE SECTION J
- Apr 17, 2026RAYTHEON COMPANY: SM-3 BLOCK IIA UNDER LAYER.
- Jun 18, 2026RAYTHEON COMPANY: SM-3 BLOCK IB TECHNOLOGY REFRESH ON-RAMP
- Jun 24, 2026LOCKHEED MARTIN CORPORATION: AWARD FOR THE THAAD MAC MULTI-YEAR PRODUCTION CONTRACT FY26-32
- Jun 26, 2026LOCKHEED MARTIN CORPORATION: THIS TASK ORDER PROVIDES CRITICAL SUSTAINMENT SUPPORT FOR THE THAAD WEAPON SYSTEM.
- Sep 29, 2026Hearings to examine an update on Golden Dome.
- Oct 6, 2026To direct the Secretary of Defense to update the Critical Asset List of the Department of Defense to incorporate assets critical to the development, deployment, and operation of the Golden Dome missile defense system.
How this story evolved
- Oct 16, 2026, 5:12 AM ETreal5 recordslatest record Oct 6, 2026
DoD accelerates THAAD and Aegis BMD development with $1.8B in contracts, while Congress moves to formalize 'Golden Dome' as a critical asset.
The US government is significantly expanding its missile defense capabilities, with a strong focus on the THAAD and Aegis Ballistic Missile Defense systems. This acceleration is evidenced by over $1.8 billion in contracts awarded by the Missile Defense Agency and the Navy, alongside legislative efforts to formally recognize a new 'Golden Dome' missile defense system as a critical national asset. The activity suggests a concerted effort to enhance both existing and future missile defense infrastructure.
- Oct 15, 2026, 5:12 AM ETreal11 recordslatest record Oct 6, 2026
MDA commits $19.5B to Next Generation Interceptor and GMD sustainment, while Congress begins formalizing 'Golden Dome' missile defense.
The US Missile Defense Agency (MDA) is making substantial investments in next-generation interceptor technology and the sustainment of existing ground-based missile defense systems. This comes as Congress begins to formally recognize and integrate the 'Golden Dome' missile defense system into national defense planning. The combined efforts signal a significant push to enhance and modernize homeland missile defense capabilities.
- Oct 11, 2026, 5:12 AM ETreal8 recordslatest record Oct 6, 2026
Missile Defense Agency commits over $20B to next-gen interceptors and sustainment, with Congress moving to formalize 'Golden Dome' as a critical asset.
The US government is significantly accelerating its homeland missile defense capabilities, with the Missile Defense Agency (MDA) awarding over $20 billion in contracts for next-generation interceptors and sustainment of existing systems. This surge in procurement and development activity is now being formally recognized by Congress, with legislation introduced to designate 'Golden Dome' missile defense assets as critical national infrastructure. The effort spans upgrades to THAAD, Aegis, and GMD systems, alongside the development of new interceptor technologies and airborne sensors.
- Oct 9, 2026, 5:12 AM ETreal8 recordslatest record Oct 6, 2026
MDA commits $19.5B to Next Generation Interceptor and GMD, while Congress moves to formalize 'Golden Dome' as critical infrastructure.
The US government is significantly accelerating its missile defense capabilities, with the Missile Defense Agency (MDA) awarding over $19.5 billion in contracts for next-generation interceptors and ground-based defense systems. This surge in procurement is complemented by legislative efforts to formally recognize and protect the emerging 'Golden Dome' missile defense system as critical national infrastructure. The activity spans development, sustainment, and production across multiple major defense contractors.
- Oct 8, 2026, 5:12 AM ETreal8 recordslatest record Oct 6, 2026
MDA commits $19.5B to Next Generation Interceptor and GMD, while Congress moves to formalize 'Golden Dome' as critical infrastructure.
The US government is significantly accelerating its missile defense capabilities, with the Missile Defense Agency (MDA) awarding over $19.5 billion in contracts for next-generation interceptors and ground-based defense systems. This surge in procurement is complemented by legislative efforts to formally recognize and protect the emerging 'Golden Dome' missile defense system as critical national infrastructure. The activity spans development, sustainment, and production across multiple major defense contractors.
- Oct 7, 2026, 5:12 AM ETreal8 recordslatest record Oct 6, 2026
MDA commits $19.5B to Next Generation Interceptor and GMD, while Congress moves to formalize 'Golden Dome' as critical infrastructure.
The US government is significantly accelerating its missile defense capabilities, with the Missile Defense Agency (MDA) awarding over $19.5 billion in contracts for next-generation interceptors and ground-based defense systems. This surge in procurement is complemented by legislative efforts to formally recognize and protect the emerging 'Golden Dome' missile defense system as critical national infrastructure. The activity spans development, sustainment, and production across multiple major defense contractors.
- Sep 23, 2026, 5:12 AM ETreal7 recordslatest record Sep 21, 2026
MDA commits over $20B to missile defense systems, including Next Generation Interceptor and THAAD production.
The Missile Defense Agency (MDA) is significantly investing in homeland missile defense capabilities, with over $20 billion in contracts awarded since early 2025. This surge in funding is primarily directed towards the development and production of advanced interceptor systems, including the Next Generation Interceptor (NGI) and Terminal High Altitude Area Defense (THAAD). The activity indicates a concerted effort to modernize and expand the US's defensive posture against ballistic missile threats.
- Sep 22, 2026, 5:12 AM ETreal7 recordslatest record Sep 21, 2026
MDA commits over $20B to missile defense systems, including Next Generation Interceptor and THAAD production.
The Missile Defense Agency (MDA) is significantly investing in homeland missile defense capabilities, with over $20 billion in contracts awarded since early 2025. This surge in funding is primarily directed towards the development and production of advanced interceptor systems, including the Next Generation Interceptor (NGI) and Terminal High Altitude Area Defense (THAAD). The activity indicates a concerted effort to modernize and expand the US's defensive posture against ballistic missile threats.
- Sep 21, 2026, 5:12 AM ETreal6 recordslatest record Aug 24, 2026
MDA commits over $30B to missile defense systems, including Next Generation Interceptor and THAAD production.
The US government is significantly investing in its homeland missile defense capabilities, with the Missile Defense Agency (MDA) leading a multi-billion dollar effort. This initiative focuses on the development and production of advanced interceptor systems and the sustainment of existing defense infrastructure. The activity began in early 2025 and has seen a rapid acceleration of large-scale contracts through mid-2026.
- Sep 20, 2026, 5:12 AM ETreal7 recordslatest record Aug 24, 2026
MDA commits over $30B to missile defense systems, including Next Generation Interceptor and THAAD production.
The US government is significantly investing in its homeland missile defense capabilities, with the Missile Defense Agency (MDA) leading a multi-billion dollar effort. This initiative focuses on the development and production of advanced interceptor systems and the sustainment of existing defense infrastructure. The activity began in early 2025 and has seen a rapid acceleration of large-scale contracts through mid-2026.
- Sep 19, 2026, 5:12 AM ETreal7 recordslatest record Aug 24, 2026
MDA commits over $30B to missile defense systems, including Next Generation Interceptor and THAAD production.
The US government is significantly investing in its homeland missile defense capabilities, with the Missile Defense Agency (MDA) leading a multi-billion dollar effort. This initiative focuses on the development and production of advanced interceptor systems and the sustainment of existing defense infrastructure. The activity began in early 2025 and has seen a rapid acceleration of large-scale contracts through mid-2026.
- Sep 18, 2026, 5:12 AM ETreal7 recordslatest record Aug 24, 2026
MDA commits over $30B to missile defense systems, including Next Generation Interceptor and THAAD production.
The US government is significantly investing in its homeland missile defense capabilities, with the Missile Defense Agency (MDA) leading a multi-billion dollar effort. This initiative focuses on the development and production of advanced interceptor systems and the sustainment of existing defense infrastructure. The activity began in early 2025 and has seen a rapid acceleration of large-scale contracts through mid-2026.
How this page is built. A theme fires when three or more independent government channels converge on the same program inside a rolling window. The narrative is written only from the records listed above; every date, agency, dollar figure and bill number comes from a cited item. Contract dollars are a floor: the sum of awards in the sampled record, never a modeled estimate. This page keeps its URL for life. Machine access: RSS · wire.