Embraer and Lockheed Martin vie for India’s $10.5B contract

Lockheed Martin Corp. received an $88.56 million contract for Radiant Mercury systems, which enable secure information transfer for the U.S. Navy and other agencies. The contract covers production, maintenance, and modernization over three years.

Lockheed Martin (LMT) stock rose 31.7% over the past year, outpacing the S&P 500. The company is expanding its missile production capacity, with the Missiles and Fire Control segment reporting a 24% increase in sales and profit in fiscal Q3 2026. Lockheed is investing $300 million to expand its Texas operation and has a record backlog of $292 billion, including a $58.6 billion PAC-3 interceptor deal.

The US Air Force awarded Lockheed Martin a $694M contract for the AGM-183A ARRW hypersonic missile. The contract follows years of testing setbacks. Lockheed Martin is expanding its Alabama facility to support production, investing $67M. The missile is designed for high-speed strikes and integrates with the B-52 bomber.

Lockheed Martin received a $694M contract from the U.S. Air Force to produce the ARRW hypersonic missile. The company expanded its Alabama facility for production, which will triple its current space and create jobs. ARRW, integrated on Boeing B-52H, travels over Mach 5 and is designed for contested environments. Lockheed funded the initial production efforts.

The U.S. Air Force awarded Lockheed Martin a $694M contract to produce the AGM-183A ARRW hypersonic missile, reversing a 2023 cancellation. The weapon will arm B-52H bombers, with a planned upgrade to strike moving targets. The contract follows successful tests and budget allocations for the program.

Lockheed Martin (LMT) has completed its acquisition of Ultra Maritime, a defense company specializing in undersea warfare technologies. The deal strengthens LMT's maritime defense portfolio, adding capabilities in sonar systems and underwater threat detection. Ultra Maritime's technologies will be integrated into LMT's Rotary and Mission Systems business area, expanding its offerings for allied naval forces.