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Lockheed Martin secured a $694M contract from the U.S. Air Force to produce hypersonic missiles. The company is expanding its Alabama facility, investing $67M to triple production space. ARRW, integrated with B-52 bombers, is designed for high-speed, long-distance targeting. This follows years of development and aligns with Lockheed's $8B-$9B investment plan for munitions through 2030.

Meta faces a $25B judgment in New Mexico, the largest state verdict against a company according to the state's attorney general. Experts suggest Meta may appeal, raising due process and constitutional issues.

Lockheed Martin (LMT) is expanding its production facility for the AGM-183A Air-Launched Rapid Response Weapon (ARRW) after receiving a $694B contract from the U.S. Air Force. The expansion, costing $67M, will triple the current production space. The Air Force initially planned to shift focus to another hypersonic weapon but reversed course in 2025.

Lockheed Martin (LMT) increased its quarterly dividend to $3.60 per share, marking 24 consecutive years of raises. The yield is 2.2% at a stock price of $619. The company's free cash flow covers the dividend more than twice, and it has a record backlog of $292 billion. However, F-35 Lot 20 cost issues and pension contributions pose risks.

Meta Platforms (META) reported Q3 revenue of $64.6B, up 26% YoY, but operating income fell 37% due to AI investments. The company posted negative free cash flow of $2.1B, its first since 2012, driven by $34.9B in capex. Management expects $140B in capex for 2026 and has $825B in future commitments. Analysts forecast negative FCF for 2026 and 2027, turning positive in 2028. Daily active users grew to 3.64B, and ad pricing rose 14%.

The US Air Force awarded Lockheed Martin a $694M contract for serial production of the AGM-183A hypersonic missile, reversing a 2023 cancellation. The missile, capable of speeds exceeding Mach 5, will be integrated onto B-52 and B-1B bombers. The move is driven by strategic preparations against China's hypersonic weapons.