LMT · News · 20260806N
Supply Chain Constraints
LOCKHEED MARTIN CORP · 2026-08-06 · Importance 34 · Surprise 42 · In source text
Lockheed Martin is pursuing domestic sources for critical minerals used in military manufacturing, including discussions involving Teck Resources and NioCorp Developments. Under a nonbinding MOU, Lockheed Martin could purchase up to 15 tonnes per year of scandium oxide or aluminum-scandium alloys from NioCorp for 10 years. The proposed supply would come from NioCorp’s Elk Creek Critical Minerals Project in Nebraska and is intended to reduce reliance on foreign, particularly Chinese, sources for aerospace and defense materials.
Key facts
- Lockheed Martin entered a nonbinding agreement with NioCorp to potentially purchase up to 15 metric tons of scandium oxide annually for 10 years, either as oxide or in aluminum-scandium alloys (reported 2026-08-06). source
- Lockheed Martin signed a non-binding MOU with NioCorp for the potential supply of up to 15 tonnes/year of scandium oxide or aluminum-scandium alloys over the next decade (reported by MSC News 2026-08-06). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | contingent | — | Lockheed Martin entered a nonbinding agreement with NioCorp to potentially purchase up to 15 metric tons of scandium oxide annually for 10… |