The U.S. Defense Department on Monday said it had signed a framework deal with Lockheed Martin and Northrop Grumman to expand the production capacity of missile-interceptor components.
On Monday, the Pentagon announced agreements with L3Harris Technologies and Lockheed Martin to expand weapons production capacity for components of two missile interceptors over the next seven years.
The company just inked a missile “mega” deal.
DALLAS, July 29, 2026 /PRNewswire/ -- Today, the U.S. government awarded Lockheed Martin (NYSE: LMT) a seven-year undefinitized contract action (UCA) modification for up to $53.86 billion for PAC-3 Missile Segment Enhancement (MSE) interceptors, supporting the Department of War's Acquisition Transformation Strategy. The award brings the total multiyear contract value to $58.62 billion, followin...
The U.S. Army has awarded Lockheed Martin a contract worth up to $58.62 billion for production of Patriot interceptor missiles, the Department of Defense said on Wednesday, a record contract awarded as conflicts across the globe diminish U.S. weapons stockpiles.
Western defense firms are partnering with Ukrainian companies to learn from wartime production. A Ukrainian official said Western firms want to move faster and build under attack.
The world's two biggest defense contractors, Lockheed Martin and RTX, said on Thursday they expect strong profits going forward because a wave of global conflicts from Iran to Ukraine has depleted Pentagon stockpiles that will need replenishing.