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Lockheed Martin to Aid in Missile Production

Lockheed Martin is helping strengthen the U.S. defense industrial base (Zacks.com).

What’s going on: The defense contractor’s Space Systems business unit recently finalized a modification contract deal to “provide systems engineering, test planning and long lead material to support missile production” to the U.S. Navy’s Strategic Systems Programs.

  • The contract, valued at $99 million, is expected to be finished by Feb. 2, 2027.

Why it’s happening: “Nations are reinforcing their military capabilities to strengthen their defense structure in the growing threat environment.”

  • Spending by countries on defense capabilities—including missiles—has picked up in recent years, following Russia’s invasion of Ukraine (Breaking Defense).
  • “Lockheed’s weapon systems include precision strike weapons with long standoff ranges to keep pilots and aircraft out of harm’s way.”

Why it’s important: The growing number of global threats now confronting the U.S. and its allies mean we must be prepared, and manufacturers such as Lockheed Martin are a critical part of the equation.
 

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