Lockheed Martin reveals new secret missile, fast tracks production

Lockheed Martin unveiled the AIM-260 Joint Advanced Tactical Missile (JATM), designed to counter long-range threats from China. The company announced a framework agreement with the US Defense Department to accelerate production. The missile offers greater range and effectiveness than existing US air-to-air missiles and will be integrated on stealth platforms like the F-22 and F-35. Australia has ordered $521 million worth of JATM missiles. The exact range and full-rate production details remain

Lockheed Martin unveiled the AIM-260 missile, designed to counter long-range aerial threats, particularly from China. The company signed a framework agreement with the US DoD to increase production. The missile, intended for F-22 and F-35 fighters, offers greater range and effectiveness than existing models. Australia plans to purchase AIM-260 missiles for approximately $521 million.

Lockheed Martin (LMT) is 4.6% undervalued according to GF Value™ at $563.76. The U.S. State Department approved a $24.3B sale of F-35 jets to Saudi Arabia. LMT offers a 2.55% dividend yield with a 50% payout ratio and 5.4% 3-year growth. It has a GF Score™ of 80/100, strong profitability, and mixed insider/institutional activity.

The U.S. State Department approved a potential $24.3B sale of F-35 jets made by Lockheed Martin (LMT) to Saudi Arabia, amid ongoing conflict in Yemen. The deal is subject to congressional review. According to the company, this is the largest F-35 deal in history.

Lockheed Martin delivered first PAC-3 MSE components from GM Defense, 22 days after their agreement. Lockheed plans $8B-$9B investment to boost munitions output. The company designs aerospace, defense, and security systems.

General Motors (GM) delivered missile components for the Patriot PAC-3 MSE interceptor to Lockheed Martin, marking its first such delivery since World War II. The U.S. Department of Defense is integrating civilian production to address missile stockpile depletion. GM Defense, GM's subsidiary, aims to leverage automotive manufacturing expertise for defense contracts, with defense revenue projected to reach $700M this year.