Lockheed Martin Completes $3.5 Billion Deal For Ultra Maritime

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.

Lockheed Martin (LMT) won a $694M U.S. Air Force contract for hypersonic missiles and plans a Patriot facility in Poland. The contract covers production of the Air-Launched Rapid Response Weapon (ARRW). The company also announced a $67M expansion of its Alabama facility for ARRW production, with plans to invest $8B-$9B in munitions capacity through 2030. The Polish facility will support NATO missile maintenance.

Lockheed Martin (LMT) won a $694M U.S. Air Force contract for hypersonic missiles and plans a missile facility in Poland, expanding its defense role.

Lockheed Martin announced a framework agreement for up to 1,560 F-35 fighters over 10 years, including 850 for the U.S. The deal aims to stabilize production at 156 jets annually, with negotiations pending on contract terms and funding. The F-35 program has faced delays and budget issues, but this agreement may help mitigate future problems.

Lockheed Martin is expanding its Alabama plant by 47,000 sq. ft. to produce hypersonic missiles for B-52 bombers. The ARRW missile, traveling over Mach 5, uses advanced materials and technology. The $8B-$9B investment through 2030 will create jobs and support rapid deployment for the U.S. Air Force.

The U.S. Air Force awarded Lockheed Martin a $694M contract for producing the AGM-183A hypersonic missile, moving from testing to production. The ARRW is designed to strike targets at high speeds, enhancing strike capabilities. The contract follows a 2023 halt and renewed funding in 2026. Details on production numbers and timelines were not disclosed.