Lockheed Martin

Lockheed Martin lifts 2025 forecasts on robust defence demand

The company’s total revenue rose 8.8% to US$18.61 billion in the third quarter, above analysts’ average estimate of US$18.56 billion

“We are continuing our strong working relationship with President Trump and his Administration to strengthen our national defence.” said Lockheed Martin.

Trump administration mulls taking stakes in defence firms including Lockheed Martin

Lutnick’s comments are the latest example of the White House’s aggressive interventions in the private sector

Conflicts in the Middle East and the protracted Russia-Ukraine war have resulted in nations boosting their defence spending, which has benefited arms manufacturers.

Lockheed Martin lifts profit, sales forecasts on strong weapons demand

The company now expects per-share profit of US$26.65 for 2024, above its earlier forecast of US$26.10 to US$26.60

Firefly's small-launch vehicle, Alpha, will fly Lockheed’s spacecraft and payload into low-Earth orbit from its facilities on west and east coasts.

Lockheed Martin to buy up to 25 rocket launches from Firefly Aerospace

Lockheed Martin has entered a purchase agreement with Firefly Aerospace for up to 25 launches on its Alpha rocket by 2029, the US defence contractor said on Wednesday (Jun 5).

The missile maker reaffirmed its full-year outlook, projecting net sales of US$68.5 billion to US$70 billion and profit between US$25.65 and US$26.35 per share.

Lockheed Martin reports higher sales on strong defence demand

Sales in its missiles and fire control unit jumped 25.3 per cent to nearly US$3 billion

Lockheed says the sub-contracts for the Terminal High Altitude Area Defence (Thaad) system will enhance manufacturing capabilities in Saudi Arabia and transfer expertise to strengthen the country’s defence industry.

Saudi Arabia to manufacture parts of Lockheed missile defence system

US weapons maker Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its missile defence system, as the US continues to conduct military operations in the Middle ...

Rising tensions in Europe, the South China Sea and the Indo-Pacific region have translated to more orders for Lockheed’s F-35 fighter aircraft, missiles and other defence equipments.

Lockheed Martin taps strong defence demand to beat results estimates

US weapons maker Lockheed Martin’s first-quarter results surpassed Wall Street targets on Tuesday (Apr 18) despite parts and labour shortages, as simmering geopolitical tensions fuelled demand from bo...

Lockheed added the contract offers three additional follow-on awards which will start in late 2023, allowing for a total contract value of up to US$4.5 billion over the next four years.

US Army awards Lockheed up to US$4.5 billion missiles contract

LOCKHEED Martinp said on Monday (Apr 3) the US Army has awarded a multi-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, in a deal that could go up to US$4.5 bil...

The regulations prohibit Lockheed Martin and Raytheon Missile and Defense Corporation, a subsidiary of Raytheon Technologies, from “engaging in import and export activities related to China”.

China imposes sanctions on Lockheed Martin, Raytheon over Taiwan arms sales

China’s commerce ministry on Thursday (Feb 16) said it put Lockheed Martin and Raytheon Technologies onto an “unreliable entities list” over arms sales to Taiwan, its latest sanctions against the two ...