Lockheed Martin and Rheinmetall have signed a memorandum of understanding to establish a joint venture for co-producing ATACMS missiles in Europe, specifically at Rheinmetall's Unterluess facility in Germany. Supported by the US and German governments, this partnership aims to create the first European center for manufacturing, integrating, and distributing these advanced missiles across NATO and allied forces. The move enhances European defense autonomy, strengthens industrial cooperation, and meets growing security demands by combining US missile technology with European manufacturing expertise. Production is expected to start by 2027, while Lockheed Martin continues its US production until the transition is complete.
NATO leaders are meeting in Ankara to address rising tensions within the alliance, especially between the U.S. and European members over defense spending and military commitments. The summit aims to secure a joint declaration for increased European d...
Lockheed Martin has agreed to acquire Ultra Maritime for $3.45 billion to enhance its undersea and anti-submarine warfare capabilities. Ultra Maritime specializes in advanced undersea systems like sonar and torpedo defense, serving allied naval force...
Lockheed Martin has signed a definitive agreement to acquire Ultra Maritime, a defense company specializing in advanced undersea and anti-submarine warfare technologies, for $3.45 billion. This acquisition enhances Lockheed Martin's capabilities in s...
Lockheed Martin is close to acquiring Ultra Maritime, a naval defense company specializing in anti-submarine technology, for about $3.5 billion. Ultra, owned by Advent International, produces radar, electronic warfare systems, and torpedo defense cou...
