US approves possible $140 million Black Hawk helicopter sale to Argentina

Lockheed Martin received $1bn in US contracts for MK 48 torpedoes and JASSM/LRASM missiles. The MK 48 contract, valued at $257.3m, covers production and support, with work in New York, Florida, and Massachusetts. The JASSM/LRASM contract increased by $826m to $10.48bn, covering expanded production and support, with work in Florida. Funding includes US military budgets and foreign partners.

EU approved $3.7B for Ukraine to buy Patriot missiles, benefiting Lockheed Martin, which manufactures them. The company also secured a $53.86B US contract. UBS upgraded LMT to 'buy' with a $674 target.

The U.S. Space Force added Blue Origin, Boeing, and Umbra as vendors for its space-based air moving target indicator (SB-AMTI) program, with contracts signed June 2. Boeing received $6,666, while Blue Origin and Umbra each received $10,000. The program now includes 12 vendors, with SpaceX securing a $4.16 billion contract earlier. Recent task orders totaling $615 million were awarded to Rocket Lab, STR, and Wildstar. The Space Force aims to demonstrate SB-AMTI capability within two years.

Lockheed Martin (LMT) won two defense contracts worth $1.08B. The first, $826M, is for missiles and increases a contract's value to $10.48B. The second, $257.3M, covers torpedo production and support. Work spans multiple U.S. locations and is set for completion by 2030 and 2029, respectively. The contracts involve U.S. and foreign military sales.

Lockheed Martin Australia won a $950M contract to upgrade Australia's joint air battle management system (AIR6500) under Project AIR6500 Tranche 2B. The contract aims to enhance the system's architecture, communications, and cybersecurity. The project is part of a broader $2.4B investment by Australia to modernize air defense capabilities, integrating platforms like F-35A aircraft and Hobart-class destroyers.

Lockheed Martin (LMT) received a $101.5M contract modification from the U.S. Navy to provide F-35 aircraft sustainment and flight support for the U.K. defense ministry. The two-year contract, funded by non-DOD sources, will primarily be executed in the U.K. with some work in the U.S.