With a projected production rate of 2,000 units per year, Lockheed Martin presents the PAC-3 Edge interceptor at AUSA 2026

Lockheed Martin (LMT) announced a partnership with Avio to expand U.S. production of solid rocket motors, investing $500M in a new Virginia facility. LMT offers a 2.69% dividend yield, 50% payout ratio, and 5.4% 3-year dividend growth. The stock is undervalued with a GF Value of $567.85 vs. $505.50 price, and has a GF Score of 86/100. Institutional ownership is strong, but insiders sold $4M in shares.

Lockheed Martin (LMT) and Avio (AVVSYAVVOF) agreed to expand U.S. production of solid rocket motors for guided missiles. The deal aims to boost manufacturing capacity and diversify supply chains. Production will occur at Avio's new Virginia facility. The agreement could help Lockheed address supply constraints and support revenue growth, while Avio invests $500M in U.S. operations.

Lockheed Martin and Avio have signed a strategic agreement to invest over $500M in U.S. solid rocket motor (SRM) production capacity. Avio will supply SRMs for Lockheed Martin's ER GMLRS and PrSM programs, enhancing supply chain resiliency and production capabilities. The new facility in Virginia will support increased munition volumes for defense needs. According to Avio, this investment aims to strengthen the defense industrial base and accelerate production.

Lockheed Martin won a contract to supply the Philippine Air Force with an S-70i Black Hawk Full Flight Simulator and a Virtual Maintenance Trainer, along with training materials and support through 2032, according to the company. The deal aims to enhance pilot and maintenance training for the Philippines' Black Hawk fleet, which supports various missions. Training will initially continue in the U.S. before transitioning to domestic capabilities.

L3Harris Technologies received a $250 million contract from Lockheed Martin to produce GMLRS propulsion units. The contract, the largest in program history, will be fulfilled at a new facility in Camden. L3Harris has increased production capacity and plans to maintain quality and delivery timelines. The company has been a long-time provider of GMLRS components, including electronic safe and arm devices and proximity sensors.

L3Harris Technologies received a $250 million contract from Lockheed Martin to produce GMLRS propulsion units. The work will be done at a new facility in Camden, Arkansas, set to open later this year. The company has been a long-time supplier of these units, which are used in the U.S. and by allied partners.