{ "report_id": "theme_physical_ai_node_funded_defense_prime_conversion", "report_type": "theme_value_chain_node", "site_path": "themes/physical-ai-defense-autonomy/nodes/funded-defense-prime-conversion/index.html", "title": "Funded Defense Prime Conversion", "as_of": "2026-06-13", "generated_at": "2026-06-13T15:24:00-07:00", "freshness": { "price_data_as_of": "2026-06-12", "daily_ohlc_latest": "2026-06-12", "static_setup_generated_as_of": "2026-06-05", "chart_interval": "weekly", "knowledge_reviewed_as_of": "2026-06-13", "official_ir_checked_as_of": "2026-06-13", "earnings_dates_checked_as_of": "2026-06-13", "limitations": [ "This is an expanded peer basket from a previously NOC-only node.", "NOC source pair is from 2026-05-24, LMT source pair is from 2026-05-13, and RTX, GD, LHX, and HII source pairs are from the 2026-05-31 physical-AI defense expansion.", "Lineage-status shows original provider daily_ohlc runs with source freshness around 2026-05-08, while stored daily_ohlc rows used by the report API extend through 2026-06-12.", "Static setup labels in this sidecar were generated from weekly OHLC through 2026-06-05 and should be refreshed before use as current trading evidence.", "Nasdaq earnings pages checked on 2026-06-13 did not provide confirmed next earnings dates for LMT, NOC, GD, RTX, LHX, or HII.", "Representative selected-security API check for LMT failed on 2026-06-13 because the local report API was not listening on 127.0.0.1:8765.", "Market cap values shown in Basket cards are stale late-May 2026 knowledge-lane snapshots and are for size context only.", "Parent report metadata remains deferred by scope: it still shows core 6 / watch 0 and price data through 2026-06-05, while this node sidecar uses core 4 / watch 2 and daily rows through 2026-06-12.", "Sitemap metadata remains deferred by scope: the node entry still has as_of 2026-06-07 and does not include the added Nasdaq earnings-page source links.", "Several lanes still flag incomplete transcript history, limited rating-agency or covenant detail, incomplete peer primary-source comp, and restricted or classified program opacity." ] }, "revision": { "version": 3, "updated_label": "Reformatted funded defense prime conversion node to the latest visual node-page format", "metadata_path": "themes/physical-ai-defense-autonomy/nodes/funded-defense-prime-conversion/report.json", "curation_source": "reports-value-chain-node-pages skill, local knowledge lanes, bounded official Q1 checks, Nasdaq earnings-page checks, and read-only discovery daily_ohlc" }, "node": { "slug": "funded-defense-prime-conversion", "order": 1, "level": "L2 mature control node", "role": "Tracks whether mature defense-prime demand converts funded awards and backlog into program revenue, segment margin, cash receipts, and free cash flow.", "description": "Funded Defense Prime Conversion expands the prior NOC-only control case into a six-name peer basket. The mechanism is appropriated budgets and funded awards moving into backlog, delivered programs, stable EACs, segment margin, and FCF after working capital and capacity spending." }, "ticker_baskets": { "core": [ "LMT", "NOC", "GD", "RTX" ], "option": [], "watch": [ "LHX", "HII" ] }, "basket_ranking": [ { "rank": 1, "ticker": "LMT", "company": "Lockheed Martin Corp.", "market_cap_note": "Approximately $118B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq LMT earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$18.021B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "Lockheed Martin Apr. 23, 2026 Q1 release and LMT knowledge lane" }, { "rank": 2, "ticker": "NOC", "company": "Northrop Grumman Corp.", "market_cap_note": "Approximately $79B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq NOC earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$9.881B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "Northrop Grumman Apr. 21, 2026 Q1 release and NOC knowledge lane" }, { "rank": 3, "ticker": "GD", "company": "General Dynamics Corp.", "market_cap_note": "Approximately $94B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq GD earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$13.481B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "General Dynamics Apr. 29, 2026 Q1 release and GD knowledge lane" }, { "rank": 4, "ticker": "RTX", "company": "RTX Corp.", "market_cap_note": "Approximately $237B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq RTX earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$22.076B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "RTX Apr. 21, 2026 Q1 release and RTX knowledge lane" }, { "rank": 5, "ticker": "LHX", "company": "L3Harris Technologies Inc.", "market_cap_note": "Approximately $59B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq LHX earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$5.744B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "L3Harris Apr. 30, 2026 Q1 release and LHX knowledge lane" }, { "rank": 6, "ticker": "HII", "company": "Huntington Ingalls Industries Inc.", "market_cap_note": "Approximately $12B from late-May 2026 knowledge-lane market snapshot; stale.", "next_earnings": "Not confirmed", "next_earnings_source": "Nasdaq HII earnings page checked 2026-06-13; date not available.", "latest_quarter_revenue": "$3.099B", "latest_quarter_period": "Q1 2026", "latest_quarter_revenue_source": "HII May 5, 2026 Q1 release and HII knowledge lane" } ], "chart_artifacts": [ { "chart_id": "chart-lmt", "ticker": "LMT", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/LMT/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "base forming below 20W" }, { "chart_id": "chart-noc", "ticker": "NOC", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/NOC/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "below key trend" }, { "chart_id": "chart-gd", "ticker": "GD", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/GD/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "pullback to rising moving average" }, { "chart_id": "chart-rtx", "ticker": "RTX", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/RTX/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "base forming" }, { "chart_id": "chart-lhx", "ticker": "LHX", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/LHX/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "base forming above 100W" }, { "chart_id": "chart-hii", "ticker": "HII", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line", "price_data_as_of": "2026-06-05", "visible_years": 3, "visible_start_date": "2023-06-09", "visible_end_date": "2026-06-05", "weekly_bar_count": 266, "visible_weekly_bar_count": 157, "rendering": "api_selected_security_panel", "api_route_template": "/api/securities/HII/chart?frequency=weekly&window=3y&as_of=latest", "latest_daily_ohlc_as_of": "2026-06-12", "static_setup_stale": true, "stale_data_caveat": "Static setup label was generated through 2026-06-05 while stored daily_ohlc extends through 2026-06-12; refresh before using as current trading evidence.", "fallback_table": false, "setup_label": "below key trend" } ], "links_out": [ "theme_physical_ai_defense_autonomy", "theme_trade_tariff_sourcing_geography", "sector_industrials", "security_lmt", "security_noc", "security_gd", "security_rtx", "security_lhx", "security_hii" ], "knowledge_sources": [ "../../../../../knowledge/wiki/concepts/themes/physical-ai-defense-autonomy.md", "../../../../../knowledge/wiki/lanes/security/lmt.md", "../../../../../knowledge/wiki/lanes/security/noc.md", "../../../../../knowledge/wiki/lanes/security/gd.md", "../../../../../knowledge/wiki/lanes/security/rtx.md", "../../../../../knowledge/wiki/lanes/security/lhx.md", "../../../../../knowledge/wiki/lanes/security/hii.md", "../../../../../knowledge/raw/sources/security_research__lmt__20260513T035127Z_c310265a/output.md", "../../../../../knowledge/raw/sources/security_profile__lmt__20260513T035127Z_c310265a/output.md", "../../../../../knowledge/raw/sources/security_research__noc__watchlists_security_theme_wiki_20260524/output.md", "../../../../../knowledge/raw/sources/security_profile__noc__watchlists_security_theme_wiki_20260524/output.md", "../../../../../knowledge/raw/sources/security_research__gd__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_profile__gd__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_research__rtx__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_profile__rtx__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_research__lhx__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_profile__lhx__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_research__hii__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/raw/sources/security_profile__hii__physical_ai_defense_expansion_20260531/output.md", "../../../../../knowledge/wiki/lanes/sector/industrials.md", "../../../../../knowledge/wiki/concepts/themes/funding-dependency-and-duration-tolerance.md", "../../../../../knowledge/wiki/concepts/themes/trade-tariff-sourcing-geography.md" ], "external_sources": [ { "kind": "official_company_release", "label": "Lockheed Martin Reports First Quarter 2026 Financial Results", "date": "2026-04-23", "url": "https://news.lockheedmartin.com/2026-04-23-Lockheed-Martin-Reports-First-Quarter-2026-Financial-Results", "use": "Official support for LMT Q1 sales, Q1 FCF, FY2026 financial outlook, and segment result caveats." }, { "kind": "official_company_release", "label": "Northrop Grumman Releases First Quarter 2026 Financial Results", "date": "2026-04-21", "url": "https://investor.northropgrumman.com/news-releases/news-release-details/northrop-grumman-releases-first-quarter-2026-financial-results", "use": "Official support for NOC Q1 release routing, backlog, awards, FCF guide, and B-21 or Space evidence tests." }, { "kind": "official_company_release", "label": "General Dynamics Reports First-Quarter 2026 Financial Results", "date": "2026-04-29", "url": "https://www.nasdaq.com/press-release/general-dynamics-reports-first-quarter-2026-financial-results-2026-04-29", "use": "Official support for GD Q1 revenue, operating cash flow, book-to-bill, backlog, and total estimated contract value." }, { "kind": "official_company_release", "label": "RTX Reports Q1 2026 Results", "date": "2026-04-21", "url": "https://www.nasdaq.com/press-release/rtx-reports-q1-2026-results-2026-04-21", "use": "Official support for RTX Q1 sales, Q1 FCF, backlog, guidance, and segment margin context." }, { "kind": "official_company_release", "label": "L3Harris Technologies Reports Strong First Quarter 2026 Results", "date": "2026-04-30", "url": "https://www.nasdaq.com/press-release/l3harris-technologies-reports-strong-first-quarter-2026-results-2026-04-30", "use": "Official support for LHX Q1 revenue, backlog, segment margin, FCF, and guidance context." }, { "kind": "official_company_release", "label": "HII Reports First Quarter 2026 Results", "date": "2026-05-05", "url": "https://www.globenewswire.com/news-release/2026/05/05/3287526/0/en/hii-reports-first-quarter-2026-results.html", "use": "Official support for HII Q1 revenue, margins, backlog, FCF, and FY2026 guidance." }, { "kind": "earnings_calendar_check", "label": "Nasdaq LMT earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/lmt/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." }, { "kind": "earnings_calendar_check", "label": "Nasdaq NOC earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/noc/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." }, { "kind": "earnings_calendar_check", "label": "Nasdaq GD earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/gd/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." }, { "kind": "earnings_calendar_check", "label": "Nasdaq RTX earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/rtx/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." }, { "kind": "earnings_calendar_check", "label": "Nasdaq LHX earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/lhx/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." }, { "kind": "earnings_calendar_check", "label": "Nasdaq HII earnings page", "date": "2026-06-13", "url": "https://www.nasdaq.com/market-activity/stocks/hii/earnings", "use": "Bounded next-earnings date check; no confirmed date available at access time." } ], "discovery_sources": [ { "kind": "status", "label": "Funded Defense Prime Conversion local discovery coverage", "query_ref": "discovery:status:NOC|LMT|RTX|GD|LHX|HII" }, { "kind": "lineage-status", "label": "Funded Defense Prime Conversion daily_ohlc lineage status", "query_ref": "discovery:lineage-status:daily_ohlc:NOC|LMT|RTX|GD|LHX|HII" }, { "kind": "duckdb_readonly_query", "label": "Funded Defense Prime Conversion weekly OHLC and EMA chart inputs; static setup generated 2026-06-05, latest stored basket daily_ohlc checked through 2026-06-12", "query_ref": "discovery:duckdb:daily_ohlc_weekly_aggregation_20w_100w_ema:funded-defense-prime-conversion:static-2026-06-05;discovery:duckdb:daily_ohlc_coverage:LMT|NOC|GD|RTX|LHX|HII:2026-06-12" } ] }