Lockheed Martin Corporation

Products

• The F-35 Lightning II is Lockheed Martin's fifth generation stealth fighter and its largest program, at 27% of 2025 sales. ↗
• The C-130 Hercules is Lockheed Martin's tactical airlifter. ↗
• PAC-3 is Lockheed Martin's defensive missile for the U.S. Army and international customers, built to intercept incoming airborne threats using kinetic energy. ↗
• THAAD is Lockheed Martin's transportable missile defense system that engages targets inside and outside the atmosphere. ↗
• Lockheed Martin makes the Precision Strike Missile (PrSM) for the U.S. Army, compatible with the MLRS family of launchers. ↗
• Lockheed Martin makes JASSM, an air-to-ground missile launched from fixed-wing aircraft, for the U.S. Air Force and international customers. ↗
• Lockheed Martin's Sikorsky unit builds the Black Hawk, Seahawk and CH-53K King Stallion helicopters. ↗
• Lockheed Martin's Aegis Combat System is the air and missile defense system for the U.S. Navy and international customers. ↗
• Lockheed Martin builds the Trident II D5, the only submarine-launched intercontinental ballistic missile currently in production in the U.S. ↗
• Lockheed Martin builds the Orion crew vehicle for NASA's human exploration of the Moon and beyond. ↗

Customers

• The Department of War accounted for 63% of Lockheed Martin's 2025 sales. ↗
• Lockheed Martin builds Next Generation Interceptor for the Missile Defense Agency and GPS III satellites for the U.S. Space Force. ↗
• Lockheed Martin builds Transport and Tracking Layer satellites for the Space Development Agency. ↗

Deals since 2020

The deal tracker

Earnings

• Q3 2026: earnings and call coverage

Our coverage

• ContractsSikorsky selected to deliver S-92A+ presidential helicopters to South KoreaA Korea Aerospace Industries subsidiary will complete mission equipment in South Korea as South Korea’s air force continues with the S-92 family for presidential transport.Nov 6
• Contracts · SpaceViasat wins contract for Space Data Network’s mission operations hubThe award includes a $115 million initial task order to design, field and scale the center, under a contract with a $450 million ceiling.Nov 6
• Contracts · RotorcraftU.S. approves possible sale of 11 Black Hawks to MexicoThe package carries an estimated $1.075 billion price for helicopters, equipment, training and support, with Sikorsky as principal contractor.Nov 6
• Industry · Missiles and space subsystemsKarman's quarterly bookings include seven-year Lockheed Martin contractBacklog reaches $1.7 billion, up 108% from year-end 2025.Nov 5
• Industry · Naval aviation trainingSNC exits Navy T-45 replacement competition, Breaking Defense reportsBreaking Defense reports SNC declined to bid under the Navy’s contract structure, leaving Textron’s M-346N as the service’s “one true competitor.”Nov 4
• Industry · Strategic forcesLockheed flight-tests Mk21A reentry vehicle for the Air Force's future ICBMThe unarmed, developmental vehicle flew under a contract valued at over $1 billion. Lockheed says flight data will inform design refinements and future testing.Nov 4
• Contracts · AirliftGreece orders three Embraer KC-390 transportsThe government-to-government deal through Portugal includes options for three more aircraft, with first delivery planned for 2027.Nov 2
• Contracts · Missile defenseLockheed expected to fund $423 million of Future Interceptor development, DefenseScoop reportsDefenseScoop reports the Army selected Lockheed Martin for Future Interceptor development, with the government expected to provide about $660 million.Oct 30
• Contracts · UK market accessUK sets offsets for selected overseas defense contractsFrom April 2027, overseas contractors on a select number of UK procurements will face UK benefit commitments that could match their contract value.Oct 30
• Contracts · Air defenseState Department approves possible $2.1 billion Patriot missile sale to UkraineLockheed Martin would be principal contractor for 500 PAC-3 MSE missiles, with Ukraine paying through allied donations and national funds financed by an EU loan.Oct 30
• Industry · Capability milestoneLockheed reports redirecting a GMLRS rocket in flight to hit a moving targetThe demonstration with the Army used a datalink and guidance system integrated through Lockheed Martin’s internal funding.Oct 28
• Industry · Air and missile defensePoland selected to host European PAC-3 missile maintenance facilityLockheed Martin plans a Polish facility to repair and recertify NATO allies' PAC-3 interceptors, with Germany, the Netherlands and Sweden leading supply chain integration.Oct 27
• Contracts · HypersonicsAir Force moves ARRW into production with $694 million Lockheed Martin contractLockheed Martin is expanding ARRW production space in Alabama. The Air Force is withholding missile quantities and delivery dates.Oct 27
• M&ALockheed completes Ultra Maritime acquisition, adding sonobuoys and towed sonar arraysThe deal, priced at $3.45 billion in July, brings the undersea warfare supplier into Lockheed Martin's Rotary and Mission Systems business area.Oct 26
• Contracts · Combat aircraftLockheed to self-fund at least $7 billion under F-35 frameworkThe framework sets a minimum of 850 U.S. aircraft over 10 years; execution depends on congressional authorization and appropriations.Oct 22
• Industry · Prime contractorsLockheed's missiles segment sales rise 24% with margin nearly steadyMissiles and Fire Control accounts for most of Lockheed's backlog increase from year-end through the third-quarter close.Oct 22
• Industry · MunitionsLockheed's extended-range GMLRS completes operational testingSoldier-led tests in September and October fired multiple rockets in succession from an M270A2 launcher. The rocket is designed to reach as much as 150 kilometers.Oct 21
• Budget · Combat aircraftDefense News: Air Force outlines need for 1,509 combat-coded fighters by 2035Defense News reports Lt. Gen. David Tabor says the Air Force's fighter goal depends on congressional funding and timely deliveries from Lockheed Martin and Boeing.Oct 21
• Industry · Command and controlArmy encounters problems integrating Anduril’s Lattice with older communications, Breaking Defense reportsThe 25th Infantry Division’s architecture largely represents what the Army must build on for other I Corps units, officials told Breaking Defense.Oct 21
• Industry · MunitionsLockheed to bring Hadrian automation into its Texas munitions plantLockheed workers will run a 24-machine cell, expected to start operating in early 2027, as the company expands its Grand Prairie manufacturing operation.Oct 20
• Contracts · Air defenseAustralia opens medium-range air defense tender, Defense News reportsAustralia plans to select a vendor by end-2027 and is pursuing direct commercial sale and U.S. Foreign Military Sales routes simultaneously, Defense News reported.Oct 19
• Week AheadThe week ahead: Oct 19–Oct 30Oct 19
• Budget · EuropeLockheed’s Skunk Works expands NLR partnership with Dutch industry focusThe next phase with the Royal Netherlands Aerospace Centre includes unmanned aerial systems, military operational analysis and technology roadmaps.Oct 16
• Contracts · Nuclear C3Navy accepts Lockheed C-130J-30 for planned transition from E-6B MercuryThe C-130J-30, part of an initial procurement of three aircraft, will undergo mission-system modification and flight testing to become the E-130J Phoenix II.Oct 16
• Capital · Air and missile defenseAnduril pitches new Steelfin interceptor as a lower-cost option to PAC-3Anduril executives aim for a third of the PAC-3 MSE's price, Breaking Defense reported. The company declined to say whether Steelfin was selected for the Army's next-generation PAC-3 effort.Oct 13
• Budget · Counter-UASMBDA will offer Fortem's DroneHunter interceptors to its air defense customersThe two companies will also jointly offer FireThorn, an interceptor pairing Fortem's airframe with an MBDA warhead. Fortem named no customer, order or value.Oct 13
• Industry · MunitionsLockheed lines up a share of Avio's rocket motor capacity for PrSM, ER GMLRSInitial work under the strategic cooperation agreement follows qualification, at an Avio USA plant in Hurt, Va., that is still under construction.Oct 13
• Contracts · Air defenseLockheed weighs Diehl as German partner for PAC-3 production, Defense News reportsA Lockheed executive said Ukraine might start with something like the cheaper ACE, possibly built in nearby countries. The report names no buyer, funding or timeline.Oct 13
• Week AheadThe week ahead: Oct 12–Oct 23Oct 12
• Contracts · MunitionsL3Harris says its record-quantity GMLRS motor order will be built in an unopened plantLockheed Martin's $250 million follow-on will be filled in Camden, Ark., at a plant L3Harris is building as part of a Pentagon cooperative agreement.Oct 12
• Contracts · AutonomyArmy lab awards Havoc an SBIR Phase III for autonomous air and ground resupplyHavoc says the contract builds on its work in the Army's xTechOverwatch competition. Its announcement didn't give the contract's value, ceiling or length.Oct 12
• M&A · Private equityPrivate equity firm Aurelius completes acquisition of C-130 maintenance specialist Marshall AerospaceThe sale takes the British company out of the family-owned Marshall Group, which has sold Cambridge City Airport and leased it back until early 2029.Oct 10
• Contracts · AircraftPentagon and Lockheed discuss multiyear F-35 production and sustainment deal, Breaking Defense reportsNeither chamber's version of the fiscal 2027 defense authorization bill explicitly authorizes multiyear sustainment, Breaking Defense reported.Oct 9
• Contracts · MunitionsNavy plans sole-source Lockheed order for LRASM integration on the B-52The delivery order would follow LRASM integration orders for the F-15E/EX and F-16 on the same Lockheed agreement.Oct 7
• Contracts · MunitionsBoeing wins about $14.7 billion Lockheed award to triple PAC-3 MSE seeker productionThe award is more than five times the seeker contracts Boeing announced in October 2025. It is undefinitized, so its terms, specifications or price are not yet agreed.Oct 5