US defense contractors including Lockheed Martin Corp. have every interest to let Ukraine manufacture Patriot missile interceptors after President Donald Trump pledged the US would grant a license for the weapons system, a senior Republican lawmaker said.
UNSPECIFIED, UKRAINE - AUGUST 4: A Patriot system received by Ukraine is seen on the Day of Ukrainian Air Force on August 4, 2024 in Unspecified, Ukraine. At the event for the Day of Ukrainian Air Force with the participation of President of Ukraine Volodymyr Zelenskyi, the first General Dynamics F-16 Fighting Falcons received by Ukraine were demonstrated. (Photo by Vitalii Nosach/Global Images Ukraine via Getty Images)
Lockheed Martin Corp. agreed to buy naval defense business Ultra Maritime, which focuses on submarine detection systems, for $3.45 billion as the US defense giant broadens its undersea weapons portfolio.
Lockheed Martin Corp. has been awarded a contract worth as much as $35 billion from the US Defense Department to quadruple production of missile-defense interceptors as part of a broader effort by the Trump administration to bolster munitions output.
A Terminal High Altitude Area Defense (THAAD) missile, a PAC-3 air-defence missile and a PrSM precision strike missile at the Lockheed Martin Corp. stand at the Defence and Security Equipment International (DSEI) 2025 exhibition in London, UK, on Wednesday, Sept. 10, 2025. The annual conference historically has been overshadowed by alternating air shows in Paris and Farnborough, England, but the London event has gotten extra attention this year in the wake of European pledges to increase defense spending.
The Air Force, Navy and Marine Corps need to spend an additional $13.7 billion through 2031 to boost declining readiness rates of the F-35 jet, the world’s biggest weapons program, the Pentagon told congressional auditors.
A U.S. Marine Corps F-35 on the flight deck of USS Boxer in the South China Sea on June 10.
The US Space Force awarded 12 companies, including Lockheed Martin Corp. and SpaceX, contracts worth up to $3.2 billion to develop prototypes for space-based interceptors under President Donald Trump’s Golden Dome plan.
A SpaceX Falcon 9 reusable rocket booster outside the company's facilities in Hawthorne, California.
The Air Force and Navy proposed stepping up purchases of of Lockheed Martin Corp’s F-35 fighter jet over the next five years, a show of confidence for a plane that Elon Musk and other critics argue is becoming obsolete.
A US Air Force Lockheed Martin F-35A Lightning II military jet air display at the Paris Air Show in Paris, France, on Tuesday, June 17, 2025. The 55th Paris Air Show runs 16-20 June at Le Bourget airport. Photographer: Nathan Laine/Bloomberg
The US Air Force plans to buy nearly 4,300 long-range stealth cruise missiles from Lockheed Martin Corp. over the next five years, according to new budget documents, after using them against Iranian targets.
An Airman from the 28th Munitions Squadron secures Joint Air to Surface Standoff Missiles (JASSM) on a flatbed truck at Ellsworth Air Force Base in Box Elder, South Dakota.
The Navy plans to deploy Patriot missile interceptors aboard US warships in an effort to better protect American vessels from enemy drones and missiles, officials said Tuesday.
The Lockheed Martin logo is seen on a building in Annapolis Junction, Maryland, on March 11, 2019.
Peruvian officials seeking to buy a slate of new fighter jets concluded that buying aircraft made by Lockheed Martin Corp. would be in the nation’s best interest based on price and on the hope that the US would become a major defense ally.
Peru's new interim President Jose Maria Balcazar gestures after his election at the National Congress in Lima on February 18, 2026. Peruvian left-wing parliamentarian Jose Maria Balcazar was elected president of the Congress on February 18, 2026, and will automatically become interim president of the country, following the impeachment of Jose Jeri in a new episode of political instability. (Photo by Ernesto BENAVIDES / AFP via Getty Images)
Lockheed Martin Corp.’s new AIM-260 air-to-air missile program received a $2 billion boost in the Trump administration’s proposed budget, a sign the classified weapon could see accelerated production and be deployed soon.
The Pentagon’s proposed fiscal 2027 budget blueprint is seeking 85 Lockheed Martin Corp. fighter jets — up from 47 requested last year — in a significant boost for the largest US weapons program.
A US Air Force Lockheed Martin F-35A Lightning II military jet.
NASA’s Lockheed Martin Corp.-built Orion capsule ignited its main engine in space late Thursday, putting the crew on track for a historic lunar flyby.
It’ll take the crew about four days to travel to the lunar vicinity, with plans for a flyby of the surface on April 6. Photographer: Chip Somodevilla/Getty Images
The Pentagon wants to shift roughly $1.5 billion in previously approved funding to buy critical missile interceptors from Lockheed Martin Corp. and RTX Corp., according to the acting comptroller — weapons that are in short supply as the war in Iran consumes vast amounts of the munitions.
The Patriot-3 Missile Segment Enhancement missile made by Lockheed Martin. Lockheed Martin
President Donald Trump said the largest US defense manufacturers had agreed to boost production of some weapons following a meeting at the White House, amid worries that the war against Iran is depleting Pentagon stockpiles.
An employee places painted projectiles on pallets at the Scranton Army Ammunition Plant in Scranton, Pennsylvania.
Switzerland plans to buy only about 30 Lockheed Martin Corp. F-35 fighter jets from the US and considers purchasing a European-built air defense system to make up for delays of an existing procurement.
An F-35 fighter jet during a presentation at Emmen Air Base, Switzerland, in 2022.
Top defense contractors including Lockheed Martin Corp. and RTX Corp. are set to meet at the White House as the Pentagon pushes to speed weapons production for an escalating war on Iran.
155 mm caliber shells seen post manufacturing and ready for shipment at an army ammunition plant in Scranton, Pennsylvania.
Defense stocks surged Monday as military attacks escalated across the Middle East, with operations in the region underscoring that air and naval assets remain central to military strategy, which is likely to support the proposed US $1.5 trillion defense funding request. The group has rallied over the past year as global tensions intensified following the conflict between Russia and Ukraine, the US ouster of Venezuelan President Nicolás Maduro, and President Donald Trump’s threats about taking over Greenland, which further fueled the rush into defense stocks. Bloomberg Intelligence Senior Defense Analyst Wayne Sanders joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Lockheed Martin Corp.’s record F-35 deliveries last year come with a caveat: Slightly less than half of the 191 jets the US accepted in its largest weapons program should have been delivered about two years ago, according to the Pentagon.
US defense stocks are off to a strong start in 2026, extending last year’s stellar performance as geopolitical tensions ratchet higher and military spending plans rise to match them.
US defense stocks are off to a strong start in 2026, extending last year’s stellar performance as geopolitical tensions ratchet higher and military spending plans rise to match them.
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