3 Signals the Market Hasn't Priced In Yet

Welcome to Issue #8 of The Obligated. Every week I monitor USASpending.gov, congressional stock disclosures, and SEC insider filings to find the 3 signals hiding in plain sight. The government publishes billions of dollars of market-moving information every day. Almost nobody reads it. 🟢 SIGNAL #1 — FREE THIS WEEK $LHX L3Harris Technologies, Inc. · NYSE · ≈$54B market cap WHAT HAPPENED Rep. Richard McCormick (R-Ga.) — who sits on the House Armed Services Committee's Tactical Air and Land Forces subcommittee and the House Science, Space and Technology Committee's Space and Aeronautics subcommittee — disclosed buying L3Harris Technologies stock on June 12, 2026, with the periodic transaction report filed July 9, 2026, according to congressional trade data tracked by Capitol Trades. Four days later, on July 13, the Navy modified an existing L3Harris contract by $70.8 million for equipment, components, and engineering support; a second $11.9 million Navy spares modification followed on July 17. Both awards were posted to War.gov. WHY IT MATTERS The combined $82.7 million in Navy contract actions is a small fraction of L3Harris's roughly $22 billion in annual revenue, but it continues a steady run of sustainment awards to the company's Navy-facing electronics and engineering lines. What stands out is the sequencing: McCormick's committee assignments put him in direct oversight of the tactical air, land, and space programs L3Harris serves, and his purchase was filed before either Navy contract action became public — and just days before President Trump invoked the Defense Production Act to address weapons-production constraints, per reporting on the filing. WHAT TO WATCH Watch War.gov's daily contract postings for additional L3Harris awards tied to the Navy's tactical and space portfolios over the next 30-90 days, and monitor Capitol Trades for follow-on disclosures from McCormick or other Armed Services and Science, Space and Technology Committee members. SIGNAL #2 — PAID SUBSCRIBERS ONLY $LMT Lockheed Martin Corporation · NYSE · ≈$123B market cap WHAT HAPPENED On July 15, 2026, the Army handed Lockheed Martin a $439.39 million undefinitized contract action for ATACMS guided missiles and launching assemblies — funded entirely through Foreign Military Sales dollars earmarked for Taiwan. It was one of three separate Lockheed awards posted to War.gov that same week, including a $1.6 billion Navy order for F-35 spares and a $10.53 billion USSOCOM logistics-support ceiling. But the detail that didn't make it into any headline was… [ Upgrade to read — $19/mo or $149/yr at theobligated.com ] SIGNAL #3 — PAID SUBSCRIBERS ONLY $RTX RTX Corporation · NYSE · ≈$264B market cap WHAT HAPPENED On July 17, 2026, Space Systems Command awarded RTX Corp $309.47 million — beating seven competing bids — for a new effort to build a "common architecture" for modernizing the military's ground-based radar network. The contract, posted to War.gov, marks RTX's entry into a program category it has never before led as prime. What the contract filing doesn't say, but the underlying solicitation history shows, is… [ Upgrade to read — $19/mo or $149/yr at theobligated.com ] WEEKLY RECOMPETE WATCHLIST — PAID SUBSCRIBERS ONLY 5 contracts expiring in the next 90 days. These companies are about to win or lose revenue — before any press release. A note on this section: this issue's contract-expiration data could not be independently verified against USASpending.gov period-of-performance records within this research cycle, so it's being held rather than published with unverified dates or dollar figures. The full 5-contract watchlist returns next issue once each entry is confirmed against a primary government source. ⚠️ Disclaimer The Obligated is not a registered investment adviser, broker-dealer, or financial planner. Nothing in this newsletter constitutes personalized financial, legal, or tax advice. All data is sourced from publicly available government records including USASpending.gov, War.gov, SEC EDGAR, Capitol Trades STOCK Act disclosures, and the Senate Lobbying Disclosure database. We do not recommend buying or selling any security. All investment strategies involve risk of loss. You are solely responsible for your own investment decisions. Consult a licensed financial professional before acting on any information provided. The Obligated · theobligated.com · Issue #8 · July 20, 2026