LMT · News · 20261104N

Competition and Market Share

LOCKHEED MARTIN CORP · 2026-11-04 · Importance 31 · Surprise 42 · In source text

Lockheed Martin had withdrawn from the U.S. Navy’s Undergraduate Jet Training System (UJTS) competition earlier in the year, joining Boeing and Northrop Grumman among major aerospace companies no longer bidding. With Sierra Nevada Corporation also withdrawing, Textron Aviation Defense and Leonardo remained the only established aircraft manufacturer team identified with a proposal, the Beechcraft M-346N. The Navy’s program is for 216 aircraft to replace its T-45 Goshawk fleet, and the Navy delayed its selection until mid-2027. The remaining credible bid could leave the Navy negotiating with Textron, with first deliveries not expected until 2032.

Key facts

• Lockheed Martin plans a US$420 million expansion of its Camden, Arkansas operations to increase missile and defense systems capacity. source
• Lockheed Martin withdrew from the U.S. Navy’s Undergraduate Jet Training System competition; the Navy delayed its final selection to mid-2027 for 216 aircraft. source
• Lockheed Martin and the U.S. Army aim to significantly expand PAC-3 Missile Segment Enhancement interceptor production. source
• Lockheed Martin’s Camden project is expected to add hundreds of jobs in southern Arkansas. source

Impact estimates