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Germany took delivery of its first F-35A fighter jet from US manufacturer Lockheed Martin Corp.
General Motors Co. made its first delivery of Patriot missile parts to Lockheed Martin Corp. less than a month after forming a partnership, a sign that the automaker is pushing to help the defense industry rapidly rebuild the nation’s ammunition stock.
The Pentagon and Lockheed Martin Corp. are moving to speed up the production of a new classified air-to-air missile for US Air Force and Navy jets that’s seen as vital to deterring China.
The cost of the Lockheed Martin Corp. F-35 program — already the most expensive in US history — has risen by about $51 billion, or about 10%, since late 2023 because of software, readiness, spare parts and engine power improvements.
Boeing Co. and Lockheed Martin Corp.’s rocket joint venture is wrapping up a $1.5 billion private-bond deal that’s been tripled in size.
Hadrian, a defense manufacturing startup that serves the Pentagon, Lockheed Martin Corp. and others, secured a $7.87 billion valuation in a funding round. This funding will help the company expand its workforce.
Boeing and Lockheed Martin’s rocket joint venture plans to sell bonds in the private market to refinance debt.
Northrop Grumman Corp. has secured agreements worth as much as $3 billion to supply key components for missile interceptors produced by Lockheed Martin Corp., part of a broader effort to boost output of munitions drawn down by the Iran war.
The Pentagon awarded Lockheed Martin Corp. a $59 billion deal to triple Patriot missile production over the next seven years. This move comes as the Trump administration works to boost a munitions stockpile drained by the Iran war.
Lockheed Martin Corp. shares jumped in pre-market trading after the company raised its full year sales forecast. This increase in forecast comes as geopolitical tensions around the world boost defense spending.
Lockheed Martin has introduced the PAC-3 ACE™, a high-performance, low-cost interceptor designed for rapid production and deployment. The new missile is said to cost less than half the price of a regular interceptor, enhancing affordability and efficiency in defense operations.
The Army official overseeing Lockheed Martin Corp.’s hypersonic missile program said 'quality defects' were delaying deliveries. Efforts are underway to improve the manufacturing process.
Chinese authorities reportedly in possession of F-35 components in Hong Kong
Lockheed wins US Army missile contract worth up to $1.2 billion
Trump administration advances $24.3 billion fighter jet deal to Saudi Arabia as Houthis escalate attacks
Lockheed Martin gets first batch of Patriot interceptor parts from General Motors
US clears way for $24.3 billion military aircraft sale to Saudi Arabia
GM to Produce Patriot Missile Parts as U.S. Faces Critical Arms Shortage
Lockheed Martin reveals new secret missile, fast tracks production
IBM and Lockheed Martin Seem an Odd Couple. Why They're Teaming Up On Quantum.