Hypersonics / Missile Defense

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. 1. Companies pushing
   Steady

   95 companies and groups lobbied on it in Q2 2026, against 83 a year earlier.

2. 2. Congress
   Steady

   2 bills introduced and 0 became law in the last four quarters, against 2 and 0 a year before that.

3. 3. White House and agencies
   Falling

   0 proposed rules, 0 final rules and 0 presidential actions in the last four quarters, against 1 a year before that.

4. 4. Government buying
   Steady

   131 purchase plans and award notices in the last four quarters, against 142 a year before that (records start October 2023).

5. 5. Markets
   Falling

   0 insider purchases in the theme's companies in the last four quarters, against 7 a year before that. Their stocks: -22% 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 $2.4B at the end of Q1 2026, against $1.7B a year earlier; the figure moves with prices and with how many funds rank them that high.

The setup

The US government is significantly investing in advanced missile defense capabilities, with a clear focus on next-generation radar systems and enhanced regional defenses. This push is driven by the Missile Defense Agency and the Department of the Army, indicating a strategic effort to counter evolving threats. A new system, "Golden Dome," is also beginning to appear in legislative discussions, signaling future priorities.

How this developed

1. Dec 2, 2024MDA awards AMENTUM TECHNOLOGY $50.7M to sustain the MDSEA Space Operations Center for future R&D of missile defense space capabilities.Federal contract
2. Mar 27, 2025Department of the Air Force awards PARSONS GOVERNMENT SERVICES $72.9M for Early Warning Capability and Command and Control under the ABAD contract.Federal contract
3. Jul 18, 2025MDA awards LOCKHEED MARTIN $94.5M for program management and system engineering to deliver AEGIS BMD 6.1 AEGIS Weapon System.Federal contract
4. Aug 5, 2025Department of the Navy awards BLACK CONSTRUCTION-TUTOR PERINI JV $117.2M for Phase 1 of the Guam Defense System, Enhanced Integrated Air and Missile Defense.Federal contract
5. Sep 29, 2025Department of the Army awards RAYTHEON COMPANY $325.2M for Coyote Interceptors.Federal contract
6. Apr 7, 2026Defense Microelectronics Activity awards RAYTHEON COMPANY $133.8M to develop and install an Air Base Air Defense in AFRICOM.Federal contract
7. May 1, 2026MDA awards LOCKHEED MARTIN $511.6M for Next Generation Missile Defense Radar.Federal contract
8. May 5, 2026MDA awards RAYTHEON COMPANY $427.5M for Next Generation Missile Defense Radar.Federal contract
9. Jul 1, 2026Department of the Army awards LOCKHEED MARTIN $234.1M for Missile Segment Enhancement Containerized Launcher Phase 2.Federal contract
10. Jul 13, 2026Immediate Office of the Secretary of Defense awards BAE SYSTEMS $65M for an improved low-cost, deep magazine, ground and air missile defense system.Federal contract
11. Sep 29, 2026Senate Armed Services Subcommittee on Strategic Forces schedules hearings to examine an update on Golden Dome.News
12. Oct 6, 2026Rep. Self introduces HR10766, directing DoD to update its Critical Asset List to include Golden Dome missile defense system assets.Bill

The full story, year by year

* 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 KTOS, MRCY. 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.

Why it matters

• The Missile Defense Agency (MDA) is investing heavily in next-generation radar technology, with Lockheed Martin and Raytheon receiving over $939M combined for "Next Generation Missile Defense Radar" contracts (E8, E9).
• Regional missile defense capabilities are being significantly enhanced, notably with a $117.2M contract for Phase 1 of the Guam Defense System (E4) and a $133.8M contract for Air Base Air Defense in AFRICOM (E7).
• The emergence of "Golden Dome" in legislative and oversight discussions (E12, E13) indicates a new, high-priority missile defense system is being formalized, potentially leading to future large-scale procurements.
• The Department of the Army is procuring advanced interceptor and launcher systems, including $325.2M for Coyote Interceptors (E5) and $234.1M for Missile Segment Enhancement Containerized Launchers (E10), signaling a focus on deployable, effective countermeasures.

Companies exposed to this theme

The record · 12 items, oldest first

• Dec 2, 2024Federal contractAMENTUM TECHNOLOGY, INC.: THE PURPOSE OF THIS TASK ORDER IS TO SUSTAIN THE MDSEA SPACE OPERATIONS CENTER (SOC) AND MDSEA FOR FUTURE R&D OF EXPERIMENTAL MENTAL OR DEVE
• Mar 27, 2025Federal contractPARSONS GOVERNMENT SERVICES INC.: REQUIREMENTS FOR THE EARLY WARNING CAPABILITY (EWC) AND COMMAND AND CONTROL (C2) TASK ORDER (TO) UNDER THE AIR BASE AIR DEFENSE (ABAD) INDEF
• Jul 18, 2025Federal contractLOCKHEED MARTIN CORPORATION: PROGRAM MANAGEMENT AND SYSTEM ENGINEERING TO DESIGN, DEVELOP, TEST, CERTIFY AND DELIVER AEGIS BALLISTIC MISSILE DEFENSE (BMD) 6.1 AEGIS WEAP
• Aug 5, 2025Federal contractBLACK CONSTRUCTION-TUTOR PERINI JV: FY 25 MDA 694-1 PDI: GUAM DEFENSE SYSTEM, ENHANCED INTEGRATED AIR AND MISSILE DEFENSE (EIAMD), PH 1
• Sep 29, 2025Federal contractRAYTHEON COMPANY: COYOTE INTERCEPTORS
• Apr 7, 2026Federal contractRAYTHEON COMPANY: THE ADVANCED TECHNOLOGY SUPPORT PROGRAM (ATSP) CONTRACT ACQUIRES PROGRESSIVE MICROELECTRONIC CAPABILITY SOLUTIONS TO DEVELOP AND INSTALL AN
• May 1, 2026Federal contractLOCKHEED MARTIN CORPORATION: NEXT GENERATION MISSILE DEFENSE RADAR
• May 5, 2026Federal contractRAYTHEON COMPANY: NEXT GENERATION MISSILE DEFENSE RADAR
• Jul 1, 2026Federal contractLOCKHEED MARTIN CORPORATION: MISSILE SEGMENT ENHANCEMENT (MSE) CONTAINERIZED LAUNCHER (CL) AND REMOTE INTERCEPTOR GUIDANCE 360 DEGREES (RIG-360) CONTAINERIZED SYSTEM (CS
• Jul 13, 2026Federal contractBAE SYSTEMS LAND & ARMAMENTS L.P.: THE RESULTANT CONTRACT IS FOR THE DEVELOPMENT OF AN IMPROVED LOW-COST, DEEP MAGAZINE, GROUND AND AIR AND MISSILE DEFENSE SYSTEM CAPABILITY.
• Sep 29, 2026NewsHearings to examine an update on Golden Dome.
• Oct 6, 2026BillTo 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.

Some keyword matches were judged unrelated to this theme and are excluded from the record above.

How this story evolved

• Oct 16, 2026, 5:14 AM ETreal51 recordslatest record Oct 7, 2026

  DoD commits over $1.5B to next-gen missile defense radars and Guam defense, with a new system, Golden Dome, emerging.

  The US government is significantly investing in advanced missile defense capabilities, with a clear focus on next-generation radar systems and enhanced regional defenses. This push is driven by the Missile Defense Agency and the Department of the Army, indicating a strategic effort to counter evolving threats. A new system, "Golden Dome," is also beginning to appear in legislative discussions, signaling future priorities.

• Oct 15, 2026, 5:15 AM ETreal74 recordslatest record Oct 7, 2026

  DoD commits over $20B to Next Generation Interceptor and Ground-Based Midcourse Defense, alongside radar and air defense system upgrades.

  The US government is making substantial, multi-billion dollar investments in missile defense systems, focusing on next-generation interceptors, ground-based defense, and advanced radar technologies. This push is primarily driven by the Missile Defense Agency and various branches of the Department of Defense, indicating a long-term strategic commitment to enhancing national and allied air and missile defense capabilities.

• Oct 14, 2026, 5:41 AM ETreal10 recordslatest record Oct 6, 2026

  DoD commits over $30B to missile defense systems, including next-gen interceptors and radars, with a focus on Golden Dome.

  The US government is making a substantial, multi-year investment in missile defense capabilities, with over $30 billion in contracts awarded since early 2025. This push is primarily driven by the Department of Defense, focusing on next-generation interceptors, advanced radar systems, and the overarching "Golden Dome" missile defense architecture. The activity suggests a strategic pivot towards enhancing both offensive and defensive hypersonic and missile technologies.

• Oct 13, 2026, 5:14 AM ETreal10 recordslatest record Oct 6, 2026

  DoD commits over $20B to missile defense systems, including $9B for THAAD interceptors and $7.6B for NGI development.

  The US government is making a substantial, multi-billion dollar investment in missile defense capabilities, with a clear focus on next-generation interceptors and radar systems. This initiative is primarily driven by the Department of Defense, particularly the Missile Defense Agency, through a series of large-scale contracts awarded to major defense contractors. The effort spans development, sustainment, and production of advanced missile defense technologies.

• Oct 12, 2026, 5:14 AM ETreal10 recordslatest record Oct 6, 2026

  DoD commits over $20B to next-gen missile defense, including $9B for THAAD interceptors and $7.6B for GMD development.

  The US government is making substantial, multi-billion dollar investments in next-generation missile defense systems, with a clear focus on interceptor development and radar capabilities. This initiative, primarily driven by the Department of Defense and the Missile Defense Agency, began in early 2025 and has rapidly accelerated, indicating a strategic push to enhance national missile defense infrastructure. The scale of these contracts suggests a long-term commitment to these advanced systems.

• Oct 11, 2026, 5:14 AM ETreal35 recordslatest record Oct 6, 2026

  DoD commits over $20B to next-gen missile defense, focusing on interceptors and radar systems.

  The US government is making substantial, multi-billion dollar investments in advanced missile defense capabilities, with a clear emphasis on next-generation interceptors and sophisticated radar systems. This push is primarily driven by the Missile Defense Agency and the Department of the Navy, indicating a strategic focus on both ground-based and naval defense assets. The earliest significant contracts began in early 2025, accelerating through 2026.

• Oct 10, 2026, 5:14 AM ETreal10 recordslatest record Oct 6, 2026

  DoD commits over $20B to next-gen missile defense, including $9B for THAAD interceptors and $7.6B for GMD development.

  The US government is making substantial, multi-billion dollar investments in next-generation missile defense systems, with a clear focus on interceptor development and radar capabilities. This initiative, primarily driven by the Department of Defense and the Missile Defense Agency, began in early 2025 and has rapidly accelerated, indicating a strategic push to enhance national missile defense infrastructure. The scale of these contracts suggests a long-term commitment to these advanced systems.

• Oct 9, 2026, 5:14 AM ETreal35 recordslatest record Oct 6, 2026

  DoD commits over $27B to next-gen missile defense, including NGI interceptors and GMD sustainment, with new legislation recognizing 'Golden Dome' as critical.

  The US government is significantly accelerating its investment in missile defense capabilities, with the Department of Defense awarding over $27 billion in contracts for next-generation interceptors, radar systems, and sustainment. This surge in activity is anchored by major awards to Northrop Grumman, Lockheed Martin, and Boeing, indicating a clear strategic focus on enhancing defensive measures. The legislative branch is also signaling long-term commitment by recognizing the 'Golden Dome' missile defense system as a critical national asset.

• Oct 8, 2026, 5:15 AM ETreal35 recordslatest record Oct 6, 2026

  DoD commits over $20B to missile defense systems, focusing on NGI, GMD, and LTAMDS development and production.

  The Department of Defense is making substantial investments in missile defense capabilities, with over $20 billion in contracts awarded since early 2025. This surge in funding is primarily directed towards the Next Generation Interceptor (NGI), Ground-Based Midcourse Defense (GMD), and Lower Tier Air and Missile Defense System (LTAMDS). The activity indicates a concerted effort to modernize and expand the nation's missile defense infrastructure.

• Oct 7, 2026, 5:42 AM ETreal34 recordslatest record Oct 6, 2026

  DoD commits over $20B to missile defense systems, including Next Generation Interceptor and THAAD production.

  The Department of Defense is significantly investing in missile defense capabilities, with over $20 billion in contracts awarded since early 2025. This surge in funding targets next-generation interceptors, radar systems, and sustainment for existing platforms. The Missile Defense Agency is leading much of this effort, indicating a strategic push to modernize and expand the nation's defensive posture.

• Oct 6, 2026, 5:15 AM ETreal122 recordslatest record Oct 6, 2026

  MDA commits over $20B to next-gen missile defense, focusing on interceptors, radars, and systems engineering.

  The US government is making substantial, multi-billion dollar investments in advanced missile defense capabilities, with a clear emphasis on next-generation interceptors, radar systems, and comprehensive systems engineering. This initiative, primarily driven by the Missile Defense Agency (MDA) and branches of the Department of Defense, began in early 2025 and has rapidly accelerated, indicating a strategic push to enhance national and allied air and missile defense. The contracts awarded suggest a long-term commitment to developing and sustaining these complex systems.

• Oct 5, 2026, 5:14 AM ETreal24 recordslatest record Oct 2, 2026

  DoD commits over $30B to missile defense systems, including next-gen interceptors and hypersonic vehicle structures.

  The Department of Defense is making substantial investments in missile defense capabilities, with over $30 billion in contracts awarded since early 2025. This surge in funding targets the development and sustainment of advanced interceptor systems, radar technologies, and foundational research for hypersonic vehicles. The Missile Defense Agency is leading this effort, supported by the Army and Navy, indicating a comprehensive strategy to enhance national and allied missile defense.