Priced at $4.2 million per unit currently, PAC-3 MSE is a $2.5 billion franchise for Lockheed Martin at present. Although it ...

The deal comes as the Defense Department seeks to overhaul its acquisition apparatus to prioritize speed and as top officials have promised industry steady demand signals — and bigger awards — if ...

The project, still shrouded in mystery, will be in high demand for a long time once it’s released, the CEO said. During a recent earnings call, Lockheed Martin teased a “magical” classified ...

Lockheed Martin's CEO announced plans for an uncrewed F-35. The F-35 and F-22 will gain next-gen stealth, electronic warfare, and weapons improvements, he said. The US Air Force wants uncrewed ...

The Board of Directors of Lockheed Martin (NYSE: LMT) has elected James D. Taiclet, 59, as president and CEO, effective June 15. Taiclet will continue to serve as a member of the corporation’s board, ...

-The proposal, likened by the CEO to a "NASCAR upgrade," aims to deliver 80% of sixth-generation capabilities at half the cost. -Planned enhancements for this potential "F-35D" include improved ...

Lockheed Martin has secured a potential $110.9 million cost-plus-fixed-fee contract modification from the U.S. Navy for the procurement of Trident II D5 missile and deployed systems support. Join the ...