Lockheed Martin wins three defense contracts worth over $1.3bn

Verizon expanded its 6G Innovation Forum (6GIF) with nine new partners, including AWS, Cisco, Intel, and Nvidia, to advance AI-native 6G technologies. The telco has conducted successful ISAC field trials with Samsung and Qualcomm, exploring use cases like crowd-density detection and drone safety tracking. Verizon aims to scale 5G-Advanced capabilities and enable AI workloads, with plans to demonstrate technologies at the 2028 Summer Olympics in Los Angeles.

Germany plans to allocate €3.4B for US-made Tomahawk missiles and Typhon launchers, with procurement expected in 2027. The purchase, requiring parliamentary approval, aims to enhance Germany's long-range strike capability against Russia. Raytheon and Lockheed Martin are involved in manufacturing the missiles and launchers. Germany seeks industrial cooperation with US companies for production and maintenance.

Germany plans a €3.4B deal for U.S.-made Tomahawk missiles and Typhon launchers, with budget consideration for 2027. The purchase, requiring parliamentary approval, aims to enhance Germany's long-range strike capability against Russia. Raytheon manufactures the missiles, while Lockheed Martin produces the launchers. The deal follows prior agreements and cancellations between U.S. and German leaders.

Germany plans to allocate €3.4B for U.S.-made Tomahawk missiles and Typhon launchers, according to an internal document. The purchase aims to enhance Germany's deterrence against Russia and potentially involve German industry in the supply chain. The deal is still under negotiation, with details to be finalized before budget approval. Raytheon manufactures the Tomahawks, and Lockheed Martin produces the Typhon launchers.

Lockheed Martin is increasing production of its $4 million Patriot missiles to 2,000 per year, up from 750, to address shortages. The U.S. has spent around $25 billion on munitions in the Iran war, raising concerns about stockpile levels. Defense contractors like L3Harris and startups like CoAspire are also ramping up production to meet demand, with the Pentagon planning to buy 10,000 low-cost cruise missiles.

The US approved a potential $140M sale of four Black Hawk helicopters and related equipment to Argentina, with Sikorsky (Lockheed Martin) as the contractor. The sale aims to support Argentina's border security, counter crime, and humanitarian efforts. The helicopters will be delivered refurbished in staggered shipments, according to the US ambassador in Argentina.