Lightfoot Robert M JR sold $118K of LMT

The U.S. Department of War said it signed seven-year framework deals with Boeing and Raytheon to expand output of ship-launched SM-3 Block IB and Block IIA interceptor components, including avionics and ejector assemblies. Boeing, the government, and Raytheon will scale production while negotiating later multi-year contracts. Boeing said earlier Patriot seeker deliveries rose over 30% in 2025.

The U.S. Space Force, via Space Systems Command under the SBST portfolio, awarded fixed-price contracts and OTAs to five companies to develop a resilient, open-architecture Space Data Network. Each set is valued at $12 million. Five $10M contracts fund SDN multivendor interconnectivity prototyping, and five $2M OTAs fund SEP satellite orbital routers.

The U.S. delivered new THAAD launchers to the United Arab Emirates under a U.S. Foreign Military Sales contract, according to the U.S. Missile Defense Agency and contract amendment P00082. Lockheed Martin Space will manufacture Configuration 3 THAAD launchers with eight interceptors each. The $211.435 million deal aims to modernize hardware, address cybersecurity issues, and improve readiness after Iran-linked missile attacks.

Sens. Mike Lee and Elizabeth Warren back codifying a Trump executive order limiting stock buybacks and dividends for defense contractors that miss delivery schedules or budgets. They cite an analysis of Lockheed Martin, RTX, Northrop Grumman and General Dynamics, saying Q1 2026 buybacks and dividends fell 36% vs Q1 2025. They urge Defense Secretary Pete Hegseth to support a bill.

Dozens of Lebanese Americans filed a class action in Michigan against the US government and defense contractors, alleging violations of the Leahy Law by US support to Israel during the Lebanon war. Defendants include Secretary of State Marco Rubio and firms Lockheed Martin, Boeing, and Caterpillar. Plaintiffs cite alleged indiscriminate force damaging their property and seek class status for tens of thousands.

On Aug. 3, the Pentagon awarded Lockheed Martin (LMT) and Northrop Grumman (NOC) a combined $3B+ deal to expand production of Patriot and THAAD interceptor missile parts. It includes a $2B framework for PAC-3 MSE components and a $1B agreement to expand THAAD component supply over seven years, aiming to triple Patriot and quadruple THAAD output.