What falls due.
Every bond and convertible on the InfraDefence register still to fall due, by year: 161 tranches from 2026. Refinancing windows, liability management and the issuers likely to come back to market.
Randeep Bubbra | Lawyer | Making defence financeable
2026 (some may already be repaid)
11 tranches · US$8.2bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2026 | Lockheed Martin US$7,000m senior notes (6 tranches) | Notes · 3.55% | US$2bn |
| 2026 | RTX (Raytheon Technologies) US$6,000m senior notes (5 tranches) | Notes · 5.75% | US$1.25bn |
| 2026 | RTX (Raytheon Technologies) US$4,000m senior notes (5 tranches) | Notes · 2.65% | US$1.15bn |
| 2026 | Thales €500m 0% bond due 2026 | Notes · 0% | €500m |
| 2026 | Leonardo €500m 2.375% Eurobond due 2026 | Notes · 2.375% | €500m |
| 2026 | RTX (Raytheon Technologies) US$3,000m senior notes (3 tranches) | Notes · 5% | US$500m |
| 2026 | General Dynamics US$1,500m senior notes (3 tranches) | Notes · 1.15% | US$500m |
| 2026 | General Dynamics US$1,000m senior notes (2 tranches) | Notes · 2.125% | US$500m |
| 2026 | Babcock International £300m 1.875% bonds due 2026 | Notes · 1.875% | £300m |
| 2026 | BWX Technologies US$400m 5.375% senior notes due 2026 | Notes · 5.375% | US$400m |
| 2026 | Textron US$350m 4.000% notes due 2026 | Notes · 4% | US$350m |
2027
15 tranches · US$13.6bn2028
15 tranches · US$12.4bn2029
14 tranches · US$8.0bn2030
18 tranches · US$11.3bn2031
12 tranches · US$8.4bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2031 | RTX (Raytheon Technologies) US$6,000m senior notes (5 tranches) | Notes · 6% | US$1bn |
| 2031 | RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches) | Notes · 1.9% | US$1bn |
| 2031 | Leidos US$1,000m 2.300% notes due 2031 | Notes · 2.3% | US$1bn |
| 2031 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Notes · 1.9% | US$1bn |
| 2031 | L3Harris Technologies US$6,684m senior notes (8 tranches) | Notes · 5.25% | US$749m |
| 2031 | L3Harris Technologies US$650m 1.800% notes due 2031 | Notes · 1.8% | US$650m |
| 2031 | Lockheed Martin US$1,000m senior notes (2 tranches) | Notes · 4.7% | US$600m |
| 2031 | Rheinmetall €500m senior bond due 2031 | Notes · 3.375% | €500m |
| 2031 | BAE Systems US$4.8bn notes refinancing the Ball Aerospace acquisition | Notes · 5.25% | US$500m |
| 2031 | General Dynamics US$1,500m senior notes (3 tranches) | Notes · 2.25% | US$500m |
| 2031 | Textron US$500m senior notes (1 tranche) | Notes · 2.45% | US$500m |
| 2031 | Babcock International £250m 5.125% bonds due 2031 | Notes · 5.125% | £250m |
2032
5 tranches · US$2.4bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2032 | RTX (Raytheon Technologies) US$2,100m senior notes (2 tranches) | Notes · 2.375% | US$1bn |
| 2032 | Lockheed Martin US$2,300m senior notes (3 tranches) | Notes · 3.9% | US$800m |
| 2032 | Leidos US$1,000m senior notes (2 tranches) | Notes · 5.4% | US$500m |
| 2032 | Saab SEK 2bn MTN issue (September 2025) | Notes · 3.545% | SEK 500m |
| 2032 | Saab SEK 2bn MTN issue (September 2025) | Floating-rate notes | SEK 500m |
2033
12 tranches · US$10.3bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2033 | L3Harris Technologies US$3,250m senior notes (3 tranches) | Notes · 5.4% | US$1.5bn |
| 2033 | L3Harris Technologies US$6,684m senior notes (8 tranches) | Notes · 5.4% | US$1.5bn |
| 2033 | RTX (Raytheon Technologies) US$3,000m senior notes (3 tranches) | Notes · 5.15% | US$1.25bn |
| 2033 | CACI International US$1,000m 6.375% senior notes | Notes · 6.375% | US$1bn |
| 2033 | Northrop Grumman US$2,000m senior notes (2 tranches) | Notes · 4.7% | US$1bn |
| 2033 | Lockheed Martin US$4,000m senior notes (5 tranches) | Notes · 5.25% | US$1bn |
| 2033 | Leidos US$750m 5.750% notes due 2033 | Notes · 5.75% | US$750m |
| 2033 | Booz Allen Hamilton US$650m 5.950% senior notes due 2033 | Notes · 5.95% | US$650m |
| 2033 | CACI International US$500m 6.375% senior notes due 2033 | Notes · 6.375% | US$500m |
| 2033 | Science Applications International US$500m 5.875% senior notes due 2033 | Notes · 5.875% | US$500m |
| 2033 | Textron US$350m senior notes (1 tranche) | Notes · 6.1% | US$350m |
| 2033 | Saab €300m 4.25% EMTN bond due 2033 | Notes · 4.25% | €300m |
2034
9 tranches · US$7.6bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2034 | BAE Systems US$4.8bn notes refinancing the Ball Aerospace acquisition | Notes · 5.3% | US$1.5bn |
| 2034 | RTX (Raytheon Technologies) US$6,000m senior notes (5 tranches) | Notes · 6.1% | US$1.5bn |
| 2034 | Northrop Grumman US$2,500m senior notes (3 tranches) | Notes · 4.9% | US$850m |
| 2034 | Lockheed Martin US$2,000m senior notes (3 tranches) | Notes · 4.75% | US$850m |
| 2034 | L3Harris Technologies US$6,684m senior notes (8 tranches) | Notes · 5.35% | US$749m |
| 2034 | Lockheed Martin US$2,000m senior notes (3 tranches) | Notes · 4.8% | US$600m |
| 2034 | Thales €1bn bond to finance the Exail acquisition | Notes · 3.75% | €500m |
| 2034 | Booz Allen Hamilton US$1,200m senior notes (2 tranches) | Notes · 5.9% | US$500m |
| 2034 | Moog US$500m 5.500% senior notes due 2034 | Notes · 5.5% | US$500m |
2035
9 tranches · US$5.0bn| Due | Issue | Instrument | Amount |
|---|---|---|---|
| 2035 | Lockheed Martin US$2,000m senior notes (3 tranches) | Notes · 5% | US$750m |
| 2035 | General Dynamics US$750m 4.950% notes due 2035 | Notes · 4.95% | US$750m |
| 2035 | Booz Allen Hamilton US$650m 5.950% senior notes due 2035 | Notes · 5.95% | US$650m |
| 2035 | Northrop Grumman US$1,000m senior notes (2 tranches) | Notes · 5.25% | US$500m |
| 2035 | Leidos US$1,000m senior notes (2 tranches) | Notes · 5.5% | US$500m |
| 2035 | Textron US$500m senior notes (1 tranche) | Notes · 5.5% | US$500m |
| 2035 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Notes · 5.749% | US$500m |
| 2035 | Lockheed Martin US$2,250m senior notes (3 tranches) | Notes · 3.6% | US$500m |
| 2035 | L3Harris Technologies US$2,400m senior notes (5 tranches) | Notes · 4.854% | US$400m |
2036 and later
41 tranches · US$35.9bnBonds can be repurchased, redeemed, exchanged or converted before they fall due, and the register does not track every such event; check the issuer's latest filings. Bank facilities are not shown because their maturities are rarely published in full. Planning a refinancing? Book 20 minutes with Randeep.