At the NATO summit, President Trump secured $3 billion in deals for U.S. defense companies to expand production in Europe, enhancing NATO's missile and drone capabilities. Lockheed Martin will establish a Patriot missile sustainment facility and co-produce ATACMS missiles with Rheinmetall in Germany. Northrop Grumman and Raytheon plan to increase drone and missile production, while Boeing and Anduril partner with European firms to boost bomb and cruise missile manufacturing. These moves strengthen NATO's defense industrial base amid ongoing security challenges in Ukraine and the Middle East.
Goldman Sachs secured contracts to manage $70 billion in retirement assets for Verizon Communications and Lockheed Martin, including $30 billion in pension assets and $40 billion in defined-contribution plans like 401(k)s. This reflects a trend where...
Lockheed Martin is currently trading 24% below its 52-week high despite strong demand signals and a $186.4 billion backlog. The proposed $1.5 trillion U.S. defense budget for 2027 includes a 28% base increase, favoring Lockheed's core programs and mu...
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 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 government...
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...
