Browsing Tag
Precision Strike Missile
11 posts
Lockheed Martin unveils $300m Texas munitions expansion as 6,000 new jobs planned
Lockheed Martin is expanding its Grand Prairie manufacturing complex and bringing Hadrian's automated machining technology into missile production, part of a broader $8 billion to $9 billion industrial investment programme through 2030. The initiative targets higher output across major US missile programmes, but the commercial payoff will depend on production ramp-ups, supply chain performance and sustained defence procurement.
Lockheed Martin wins up to $1.2bn as PrSM Increment 2 moves into production
Lockheed Martin has secured an IDIQ contract worth up to $1.2 billion for Precision Strike Missile Increment 2, moving the multimode-seeker weapon into initial production after flight tests against moving maritime targets while the company works to quadruple overall PrSM manufacturing capacity.
Lockheed Martin’s $35bn THAAD award turns missile defence into a production-scale story
Lockheed Martin’s $35 billion THAAD award is reshaping missile-defence production. See what it means for $LMT backlog, suppliers and investors.
Lockheed Martin (NYSE: LMT) Q2 2026 sales rise 11% to $20.1bn, backlog reaches record $230bn on THAAD ramp
Lockheed Martin raised 2026 guidance as Q2 sales hit $20.1B and backlog swelled to a record $230B, but F-35 deliveries fell and buybacks stayed paused.
Lockheed Martin (LMT) clears the last hurdle before PrSM Increment 4 flight testing
Lockheed Martin and L3Harris clear the ramjet hurdle on PrSM Inc 4. Can they beat Raytheon and Northrop Grumman to the Army's 1,000km missile?
Lockheed Martin (LMT) breaks ground on Alabama THAAD interceptor plant as missile demand surges
Lockheed Martin (LMT) breaks ground on a new Alabama THAAD plant as wartime demand strips US stockpiles, yet the stock sits near a 52-week low. Read more.
LMT stock falls 4.6% on Q1 2026 earnings miss as Lockheed Martin’s free cash flow swings to minus $291m
Lockheed Martin Q1 2026 EPS of $6.44 missed estimates as margins fell across three segments. Full-year guidance reaffirmed. Read the full analysis.
US Army FY2027 budget: Pentagon requests $253bn to rebuild munitions and modernise the force
The US Army's $253 billion FY2027 budget request targets munitions expansion, Abrams M1E3 development, soldier pay raises, and Organic Industrial Base modernisation.
Lockheed Martin (LMT) bags $4.7bn PAC-3 MSE contract as U.S. pushes missile production to record highs
Lockheed Martin secures a $4.7bn PAC-3 MSE accelerated production contract. Here's what it means for LMT stock, allied air defence, and the defence sector. Read more.
US strikes 9,000 Iran targets, Pentagon now scrambles to refill missiles
The Pentagon signed framework agreements with Lockheed Martin, BAE Systems and Honeywell Aerospace on 25 March 2026 to expand United States munitions production.