LMT · News · 20260906N

Missile Production Acceleration

LOCKHEED MARTIN CORP · 2026-09-06 · Importance 40 · Surprise 42

The U.S. Department of Defense signed seven-year contracts with Lockheed Martin and General Dynamics to procure missile subcomponents. The agreements are intended to increase production and accelerate deliveries for the THAAD and PAC-3 MSE interceptor programs. Long-term funding commitments are expected to support workforce, materials, and facility investments, strengthening production capacity over the contract period.

Key facts

• LOCKHEED MARTIN CORP's Missiles and Fire Control business experienced an 88% six-month backlog surge, per the reported coverage. source