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Lockheed Martin

Lockheed Martin

Aerospace and defense manufacturer

Appears in 6 stories · Last updated Oct 31, 2026

Stories

Ukraine runs short of Patriot interceptors as Russia intensifies missile strikes on Kyiv

Force in Play

Sole maker of the PAC-3 MSE interceptor Ukraine needs

The State Department approved a possible $2.1 billion sale of 500 Patriot PAC-3 MSE interceptors to Ukraine on October 30. Canada, Germany and Norway are paying through a US fast-track program, with a European Union loan covering the rest, and no US government money is involved.

Updated Oct 31

Boeing lands seven-year contract to triple PAC-3 seeker production

New Capabilities

Prime contractor for PAC-3 MSE interceptors

Boeing has a seven-year, $14.7 billion contract to triple production of the seekers that guide Patriot interceptors, the missiles used heavily by Ukraine, Israel and U.S. forces. The Army has decided against adding a second Patriot seeker supplier, keeping Boeing as the sole source while it looks for cheaper alternatives through a new Low-Cost Interceptor program.

Updated Oct 30

Saildrone unmanned vessel fires missiles for first time during RIMPAC 2026

New Capabilities

As of September 2026: Supplied the JAGM missile, Mk 70 launcher, and ARES fire control for the demonstration

A 20-meter autonomous sailboat fired two live missiles off Hawaii in August. It was the first time a Saildrone unmanned surface vehicle (USV) launched a weapon, and it happened during RIMPAC, the world's largest naval exercise.

Updated Sep 10

Lockheed Martin to buy submarine-hunting sensor maker Ultra Maritime

Money Moves

As of July 2026: Buyer

The gear that finds enemy submarines comes largely from one mid-sized firm, Ultra Maritime. On July 6, 2026, Lockheed Martin agreed to buy it for $3.45 billion.

Updated Jul 6

Pentagon consolidates Army and Navy laser weapons under Golden Dome shield

New Capabilities

As of May 2026: Expected prime contractor for JLWS

The U.S. military spent four decades chasing a laser that could shoot down a cruise missile. On April 28, 2026, the Pentagon detailed its latest attempt: the Joint Laser Weapon System, a containerized 150-kilowatt beam (scalable toward 500 kilowatts) that the Army and Navy will share, mounting it on trucks, ships, or anywhere a 20-foot container can sit.

Updated May 31

Trump demands $1.5 trillion military budget

Force in Play

As of May 2026: Stock up 7.9% on budget news despite F-35 delivery delays

Trump wants to spend $1.5 trillion on defense in 2027—a jaw-dropping 66% jump from this year's $901 billion. This would be the largest single-year defense increase since the Korean War.

Updated May 19