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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

In a head-spinning series of social media posts on Wednesday, President Donald Trump demanded a $500 billion increase in annual defense spending but threatened to cut out some of the companies poised to profit the most from the boost.

President Donald Trump threatened to stop doing business with defense contractor RTX Corp. unless the maker of Patriot missile systems invests more in its production capabilities in a sign of mounting frustrations with the industry.

Lockheed Martin Corp. struck a tentative deal with the Pentagon that’s meant to triple production of its Patriot air-defense missile, part of a broader US push to speed up weapons output and meet global demand for a highly sought-after weapons system.

Canada’s industry minister is planning to meet with executives at Lockheed Martin Corp. soon to try to leverage more jobs out of a multibillion-dollar deal to acquire fighter jets.

Tory Bruno, the chief executive officer of Boeing Co. and Lockheed Martin Corp.’s rocket joint venture United Launch Alliance, has resigned after serving in the position for nearly 12 years.

Lockheed Martin Corp. has opened a new lab focused on hypersonic weapons in Alabama, as the US struggles to catch up with China and Russia in deploying the advanced technology.