FreeLMTMay 8
Why LMT's build rate re-rates it
Book-to-bill above one for several quarters is the tell here.
Conor Walsh
Backlogs, build rates, and defence budgets. Industrials with multi-year visibility.
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@aeroindustrials
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May 2026
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Posts
5PaidRTXApr 14
Why RTX's build rate re-rates it
Subscribers get the full thesis, the levels, and my positioning on RTX. Subscribe to read on.
FreeRTXApr 7
RTX: backlog gives multi-year visibility
Build-rate normalisation flows straight to margins at this point in the cycle.
FreeBAMar 30
BA: backlog gives multi-year visibility
Defence budgets provide a floor under the order book regardless of macro.
PaidLMTMar 28
LMT — the defence budget tailwind
Subscribers get the full thesis, the levels, and my positioning on LMT. Subscribe to read on.
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VerifiedLast 30 DaysNo closed calls in the last 30 days — open a call below and close it later; the verified scorecard builds automatically from real entry and exit prices over a rolling 30-day window.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Figures are computed automatically from third-party market data and may contain errors; option figures are modeled, not traded fills. Past performance is not a reliable indicator of future results.