Data as-of the 2026-07-17 settled close. Numbers read directly from defense-contractors — no prose math. Prior scan: 2026-07-11-defense-contractors (2026-07-11).

Nearly every name in the complex weakened further this week, even as the Gulf ceasefire collapsed, strikes widened to three states, and the Hormuz toll plan reverted to a naval blockade. If a fresh escalation of that size were going to show up as a defense bid, this is not the week it did — RSI fell across almost the entire book, from the primes down to the small-caps. Northrop Grumman's regime tag flipped outright to collapse. Leidos-adjacent nuclear-fuel play LEU had the sharpest single reversal, its 30-day change flipping from +7.8% to -18.5%. General Dynamics remains the one name still holding an uptrend and sitting within striking distance of its 52-week high; everything else is now pullback, collapse, or downtrend.

GD is still the cleanest name in the complex — RSI cooled to 58.5 from 67.0 but the regime is still uptrend, and it sits just -3.2% from its 52-week high, closer than any other name. RTX is the next-best expression, still up +4.3% on 30 days with RSI at a reasonable 54.1 in an up regime. Beyond those two, nothing in the book is confirming a fresh defense bid this week: LMT, NOC, LHX, BA, ITA, PPA, DFEN, BWXT, and TTMI all weakened further, several (LMT, NOC, LHX, BWXT) tagged strong-down with a death-cross, and NOC's regime flipped outright to collapse.

Nothing in the complex is overbought — the whole book sits in a 32-59 band, down from 41-67 two scans ago. GD (58.5) and RTX (54.1) are the only two above the midline. BWXT (32.4) and TTMI (33.0) are now the lowest readings in the sector, both approaching but not yet inside oversold territory, with LHX (36.0) close behind — none of the three shows a confirmed floor in this data cut.

This is the most direct test yet of whether the tape prices a genuine, widened Gulf escalation into the defense primes — and the answer this week is no. Every name that had already cooled from near-overbought two scans ago kept cooling further, rather than reversing on the fresh strikes and the reinstated Hormuz blockade. NOC's regime flipping to collapse and LEU's 30-day swing from +7.8% to -18.5% are the two sharpest examples of the complex moving away from, not toward, a crisis-premium story. The oil complex (see the macro-commodities and geopolitical-risk scans) is where this week's escalation is actually showing up in the tape — not here.

• GD / RTX — still the cleanest names in the complex; both cooled further (RSI 58.5 / 54.1) but remain in up/uptrend regimes. Not a discount, but the least broken names in the book.
• BWXT / LHX / TTMI — the three lowest RSI readings (32.4 / 36.0 / 33.0), all still weakening with no floor signal; treat as watch items, not dip-buys, until RSI stabilizes.
• LMT / NOC / ITA / PPA / DFEN / BA — all in the 39-44 RSI band, still death-crossed or in a confirmed downtrend; nothing here has bottomed yet.
• LEU — the sharpest single reversal in the sector (30D +7.8% → -18.5%), now -66.4% from its 52-week high; the deepest drawdown in the complex, worth a dedicated look before treating as anything but a falling knife.