InfraDefenceThe capital behind defence.
Bank

RBC Capital Markets

24 defence financings on file (13 as bookrunner, 11 as co-manager), about US$39.6bn of deals led.

Borrowers and issuers: Lockheed Martin, RTX (Raytheon Technologies), General Dynamics.

Financings

DateFinancingTypeAmount
24 Jul 2025Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
30 Apr 2025General Dynamics US$750m 4.950% notes due 2035BondUS$750m
5 Dec 2024Lockheed Martin US$1,000m senior notes (2 tranches)BondUS$1bn
26 Jan 2024Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
8 Nov 2023RTX (Raytheon Technologies) US$6,000m senior notes (5 tranches)BondUS$6bn
24 May 2023Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
27 Feb 2023RTX (Raytheon Technologies) US$3,000m senior notes (3 tranches)BondUS$3bn
20 Oct 2022Lockheed Martin US$4,000m senior notes (5 tranches)BondUS$4bn
22 Apr 2022Lockheed Martin US$2,300m senior notes (3 tranches)BondUS$2.3bn
3 Nov 2021RTX (Raytheon Technologies) US$2,100m senior notes (2 tranches)BondUS$2.1bn
6 Aug 2021RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches)BondUS$2bn
5 May 2021General Dynamics US$1,500m senior notes (3 tranches)BondUS$1.5bn
18 May 2020Lockheed Martin US$1,150m senior notes (2 tranches)BondUS$1.15bn
18 May 2020RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches)BondUS$2bn
25 Mar 2020General Dynamics US$4,000m senior notes (5 tranches)BondUS$4bn
15 Aug 2018RTX (Raytheon Technologies) US$11,000m senior notes (7 tranches)BondUS$11bn
10 May 2018General Dynamics US$7,500m senior notes (7 tranches)BondUS$7.5bn
12 Sep 2017General Dynamics US$1,000m senior notes (2 tranches)BondUS$1bn
3 May 2017RTX (Raytheon Technologies) US$4,000m senior notes (5 tranches)BondUS$4bn
31 Oct 2016RTX (Raytheon Technologies) US$4,000m senior notes (5 tranches)BondUS$4bn
11 Aug 2016General Dynamics US$1,000m senior notes (2 tranches)BondUS$1bn
17 Nov 2015Lockheed Martin US$7,000m senior notes (6 tranches)BondUS$7bn
1 May 2015RTX (Raytheon Technologies) US$850m 4.150% senior notes due 2045BondUS$850m
13 Feb 2015Lockheed Martin US$2,250m senior notes (3 tranches)BondUS$2.25bn

Roles come from the filings and announcements cited on each record. Volumes are full deal sizes, not this lender's share.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

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