The Army official overseeing Lockheed Martin Corp.’s hypersonic missile program said “quality defects” were delaying ...

The defense contractor says the new design could be fielded faster and cost less than half as much as its bestselling version ...

FARNBOROUGH, England - Lockheed Martin announced a lower-cost Patriot interceptor on Monday as militaries seek cheaper ways ...

Lockheed Martin has pledged to establish a new European production line for the Next Generation Rotorcraft (NGRC) it is ...

PAC-3 ACE costs less than half of PAC-3 MSE. FARNBOROUGH, England, July 20, 2026 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) ...

LONDON—Lockheed Martin on July 20 announced at the Farnborough Airshow it will produce a new, cheaper Patriot PAC-3 interceptor targeting the European market, though the effort comes as the Pentagon ...

This aims to benefit combatant commanders by providing scalable intercept solutions that are also cost effective to better ...

The new missiles will cost less than half that of the current ones, which are about US$4 million each, the US defence ...

Lockheed Martin has signed a definitive agreement with Cobham Ultra, an Advent portfolio company, to acquire Ultra Maritime ...

Two defense giants are betting on opposite sides of naval warfare, and one of them just posted negative free cash flow while ...

Shipbuilding dominance meets aerospace diversification as both companies post robust 2025 financials but differ sharply in risk and valuation.