35 Fighter Jet Sale to Saudi Arabia

Lockheed Martin (LMT) won two $114M contracts from the US Space Force to modernize GPS ground systems, improving resilience and security. The work includes upgrading the GPS IIIF Contingency Operations System and starting a three-phase tech refresh for the Architecture Evolution Plan. The contracts follow a $105M April award for GPS IIIF launch support and precede the final GPS III satellite launch in April 2026.

Lockheed Martin has agreed with the Pentagon to accelerate production of the AIM-260 missile, a next-gen air-to-air weapon. The company claims it offers greater range and effectiveness than current options, compatible with F-22 and F-35 aircraft. Australia plans to acquire the missile, investing nearly A$736 million. Lockheed is also expanding munitions production, investing $8-9 billion to increase capacity by 50%. No specific production targets or delivery schedules were disclosed.

The US approved a potential $24.3B sale of 48 Lockheed Martin F-35 fighter jets to Saudi Arabia, including engines and support equipment. The sale, a policy shift, may alter Middle East military balance and test US commitment to Israel's military edge. Saudi Arabia has long sought the advanced jets to modernize its air force and counter regional threats, particularly from Iran.

The US State Department approved a potential $24.3B sale of 48 F-35A fighters and 49 engines to Saudi Arabia, including support equipment and training. Lockheed Martin, the manufacturer, and RTX subsidiary Pratt & Whitney are involved. The deal requires congressional review and could face opposition due to security concerns. If finalized, it would make Saudi Arabia the 20th operator of the F-35.

The US State Department approved a potential $24.3B sale of 48 F-35 fighter jets to Saudi Arabia, pending congressional review. Experts emphasize preserving Israel's military edge and addressing Saudi-China defense ties before finalizing the deal. Lockheed Martin and Pratt & Whitney are key contractors. The sale aims to strengthen regional security but faces scrutiny over technology transfer risks.

GM Defense has begun supplying Lockheed Martin with components for Patriot PAC-3 interceptor missiles, delivering the first batch in 22 days. The partnership aims to accelerate production of air-defense weapons crucial for Ukraine. Lockheed Martin is investing $8B-$9B to expand missile production. GM Defense leveraged GM's manufacturing capabilities to meet military specifications.