LMT · News · 20260804N
Acquisition / Partnership / Divestiture
LOCKHEED MARTIN CORP · 2026-08-04 · Importance 34 · Surprise 42 · In source text
Lockheed Martin and NioCorp Developments signed a non-binding memorandum of understanding for potential purchases of up to 15 tonnes per year of scandium oxide or aluminum-scandium alloys for 10 years. The supply would come from NioCorp’s Elk Creek Critical Minerals Project in Nebraska, which is planned to produce approximately 100 tonnes per year once financed and constructed. The arrangement builds on an existing joint development program and is intended to establish a domestic scandium supply chain for defense applications. Potential uses cited include fighter aircraft and hypersonic systems, although no purchase price was disclosed.
Key facts
- Gravitics, Inc. has been selected to support Lockheed Martin in the execution of a U.S. Department of War contract of national importance. source
- Lockheed Martin and Gravitics' selection relates to an orbital infrastructure partnership supporting a U.S. Department of War contract of national importance (announcement published 2026-08-04). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Lockheed Martin and Gravitics' selection relates to an orbital infrastructure partnership supporting a U.S. Department of War contract of… |