Data as-of 2026-07-06 close. Numbers read directly from defense-contractors — no prose math. Prior scan: 2026-06-26-defense-contractors (2026-06-26).

The sector-wide reversal since the prior scan is dramatic. NOC — flagged 10 sessions ago as "the most distressed large-cap in defense" at RSI 30.9, -35.2% off its 52-week high — has round-tripped to RSI 55.3 on a +9.85% week. GD and ITA both broke out to within 0.1% of their 52-week highs (RSI 69-70, near-overbought). RTX and DFEN are running the hottest in the complex (RSI ~70), turning the prior scan's "RTX is the only prime with genuine strength" into "the whole complex caught the bid." LMT and LHX are still the laggards — both remain in death-cross — but are off their lows. New addition TTMI is the one name moving the wrong direction: -13% this week after a huge prior run.

ITA is now essentially at its 52-week high with RSI near-overbought — a clean breakout from the prior scan's RSI 56.4. DFEN (leveraged) is up +31.4% 30D — the institutional defense bid the prior scan called "structural" has only gotten stronger. Neither is a fresh entry at these RSI levels; a pullback to RSI ~55-60 is the next add zone.

NOC's reversal is the story of this scan. From RSI 30.9 / collapse-regime / -35.2% off highs to RSI 55.3 on the week's single biggest 7D move (+9.9%) — the B-21 distress narrative that drove the prior "most distressed large-cap" call has reversed hard, though the name is still -29.2% off its 52-week high and 3M is presumably still negative (30D only +1.3%). GD and RTX both extended their prior strength into breakout/near-overbought territory. LMT is up +7.8% this week but remains death-cross and -22.3% off its high — a bounce, not yet a trend change. LHX is the one name still going nowhere (30D -0.3%, strong-down trend intact).

BWXT is flat-to-slightly-down this week despite a positive 30D — no change from the prior scan's "quality hold, naval backlog durable" read. LEU posted a +7.5% single-day move (change1d) inside an otherwise unremarkable week — worth verifying against a primary source before treating as signal; the name is still -62.5% off its 52-week high in a strong-down trend with no confirmed floor.

TTMI (PCB/defense-electronics manufacturer) is new to this watchlist. It just posted the sharpest weekly decline in the sector (-13.0%) after a monster 3M/1Y run — this reads as a momentum name breaking, not a defense-thesis reversal. Flag as a rollover risk, not a dip-buy, until RSI stabilizes.

• NOC — the reversal from near-capitulation is the biggest tape move in the scan; worth a dedicated research note on what changed in the B-21 narrative.
• GD / ITA — confirmed breakouts at 52-week highs; durable multi-program mix (shipbuilding, Gulfstream) makes GD the cleaner single-name expression.

• RTX / DFEN / GD / ITA — all RSI 66-70, hold-not-chase. A pullback to RSI 55-60 is the next legitimate entry, not current levels.
• LEU — verify the +7.5% single-day pop before treating it as thesis confirmation; still in a confirmed downtrend.
• TTMI — -13% 7D after a parabolic run is a momentum-break pattern; treat as a watch item, not an entry.