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The Latest Breaking News from Lockheed Martin

What is the Patriot missile system and why are supplies depleted worldwide?

The Patriot air defense system faces high demand amid global conflicts. Ukraine urgently needs interceptors to counter Russian missile strikes. Middle East conflicts have depleted arsenals in the US and Gulf nations. Several European countries are also conserving their missile supplies. This situation prompts increased production and potential foreign manufacturing…

The Economic Times

Ukraine war briefing: Cut-price Patriot among options in desperate search for missile defence

Talks on Ukraine building Patriots continue despite Trump casting doubt, Reuters reports; forced evacuations in Kramatorsk. What we know on day 1,625

The Guardian - AU

White House Workers Forced To Tear Down $5M Helipad Construction After Trump Decides He Dislikes the Appearance

President Trump has ordered the dismantling of a nearly completed helipad on the White House South Lawn due to dissatisfaction with its appearance, leading to delays and potential cost increases.

International Business Times UK

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US presses on with Ukraine Patriot missile talks, sources say, despite Trump's doubts

United States officials are continuing discussions about Ukraine producing Patriot interceptor missiles. This initiative aims to bolster Ukraine's defense against Russian ballistic missile attacks. Options include Ukraine building components for assembly elsewhere in Europe. President Trump's earlier doubts have caused surprise among Ukrainian leaders.

The Economic Times

Trump Demands White House Helipad Rebuild To Level Horizon as Crews Rip Out New Granite Presidential Seal

Crews are dismantling a newly installed granite presidential seal on Trump's White House helipad after he demanded it sit level with the horizon, forcing a costly redo before Xi's visit.

International Business Times UK

Trump Forces Builders To Rip up New White House Helipad After Frantic Around-The-Clock Shifts

President Trump has halted the White House helipad project, citing dissatisfaction with its design and the South Lawn's slope, potentially increasing costs and delaying completion.

International Business Times UK

Trump is already redoing his $5M White House helipad after complaining it was slanted

The president reportedly told contractors to redo the project on the uneven South Lawn

The Independent UK

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Will Ukraine get the Patriot licence? Washington sends mixed signals

Russia's barrages of ballistic missiles have left Kyiv desperate to start producing its own Patriot interceptors, but despite Trump’s initial green light for a production licence, the US has yet to offer any certainty.

Euronews

Former U.S. Rep. Kay Granger dies at 83

Granger was the first GOP woman from Texas to be elected to Congress, where she served for nearly three decades.

The Texas Tribune

US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

The US Army awarded Lockheed Martin a significant contract for Patriot interceptor missiles. This deal aims to bolster depleted weapons stockpiles due to ongoing global conflicts. The agreement converts a previous one-year deal into a seven-year procurement plan. Lockheed will triple production capacity and increase jobs at its Arkansas plant.…

The Economic Times

Ukraine says it hit a major Russian oil refinery hours after Zelensky’s meeting with Trump

Overnight attack started a fire at the Ryazan refinery, ramping up pressure on Moscow

The Independent UK

Zelenskyy hails US Senate vote on Russia sanctions as first step to peace

Ukrainian President Volodymyr Zelenskyy welcomed the US Senate's procedural vote advancing a Russia sanctions bill. He met with over sixty senators, discussing continued US support and anti-ballistic defense. Zelenskyy also met with US President Donald Trump, which went very well. He discussed expanding defense-industrial cooperation with Lockheed Martin executives. This…

The Economic Times

RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?

RTX and Lockheed Martin topped Q2 earnings estimates and grew their backlogs to record levels, sending both defense stocks higher as the Iran conflict reignites investor interest.

MarketBeat

Defense Earnings Show Readiness Now and Modernization Ahead

Lockheed Martin, Northrop Grumman, and RTX posted record backlogs and raised guidance this week, driven by both near-term missile defense demand and long-term military modernization programs.

MarketBeat

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Tom’s Hardware

Lockheed Martin unveils counter-drone system that can ‘neutralize up to 50 enemy drones in a single mission’ — sensor-agnostic system uses High Power Microwave to purge enemies from the sky

Lockheed Martin has unveiled a ground-launched high-power microwave counter-drone system which cab 'neutralize up to 50 enemy drones in a single mission.'

Fortune

Defense tech investors thought the war in Iran could make them millionaires. Instead, some of the industry's biggest names have faced a bloodbath

Firms like Northrop Grumman are struggling on the market despite record military spending. Investors are now watching Congress—and a new generation of startups.

TechRadar

50 drones in one swat: Reusable Lockheed Martin's Morfius X-Rotor uses powerful microwave to kill dozens of UAVs at a time

Lockheed Martin introduced the reusable Morfius X-Rotor, claiming it disables over 50 drones while reducing dependence on expensive interceptor missiles.

Benzinga

Lockheed Isn't Waiting For Pentagon Orders Anymore

For decades, the U.S. defense industry has followed a familiar playbook: the Pentagon identifies a need, issues a request for proposals, and contractors compete to build the winning system. According to Lockheed Martin Corp (NYSE:LMT), that model is changing.

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The Guardian - UK

Burnham urged to award £2.4bn military satellite contract to Airbus over US rival

Unite union leader says giving Skynet 6 WSS contract to Lockheed Martin would be a ‘massive mistake’

Barchart

LMT Stock Soars as Lockheed Martin Raises Annual Forecast

Lockheed Martin stock rallies on blockbuster Q2 earnings and raised full-year guidance. Options pricing suggests continued gains ahead in LMT shares.

The Economic Times

US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries

Wall Street closed sharply lower with Nasdaq down over 2% as weak Big Tech earnings and rising AI spending concerns hit sentiment. Surging oil prices above $100, driven by Middle East tensions, reignited inflation fears and pushed bond yields higher, overshadowing gains in defense stocks like Lockheed Martin.

Barchart

Stocks Slip Before the Open on AI Spending Worries and Higher Bond Yields

September S&P 500 E-Mini futures (ESU26) are down -0.42%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.51% this morning as earnings from Alphabet and Tesla heightened concerns over the scale of AI spending, while rising oil prices drove bond yields higher.

International Business Times UK

What Is a Hypersonic Target? Ministry of Defence's New £20 Million Project Bowline Explained

The UK Ministry of Defence has awarded a £20 million contract to Lockheed Martin for Project Bowline, a hypersonic target programme aimed at advancing the UK's missile defence systems.

The Economic Times

Companies race to deliver autonomous uncrewed fighter jets

Boeing displayed its Ghost Bat drone at Farnborough Airshow, highlighting its advanced autonomous capabilities. Rival companies also presented competing designs for this emerging multibillion-dollar defense market. The U.S. Air Force plans to procure over 150 combat-capable autonomous wingmen by the decade's end. European nations are also developing similar programs and…

Benzinga

Lockheed Martin Unveils Patriot Missile That Could Cost Less Than Half the Current Interceptor as Ukraine, Middle East Conflicts Drive Demand

Lockheed Martin (NYSE:LMT), on Monday, introduced a more affordable Patriot interceptor, the PAC-3 Adapted Capability Effector (ACE) missile, amid growing demand for cost-effective air defense solutions.

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