Lockheed Martin to Aid in Missile Production
Lockheed Martin is helping strengthen the U.S. defense industrial base ().
Whats going on: The defense contractors Space Systems business unit recently finalized a modification contract deal to provide systems engineering, test planning and long lead material to support missile production to the U.S. Navys Strategic Systems Programs.
- The contract, valued at $99 million, is expected to be finished by Feb. 2, 2027.
Why its happening: Nations are reinforcing their military capabilities to strengthen their defense structure in the growing threat environment.
- Spending by countries on defense capabilitiesincluding missileshas picked up in recent years, following Russias invasion of Ukraine ().
- Lockheeds weapon systems include precision strike weapons with long standoff ranges to keep pilots and aircraft out of harms way.
Why its important: The growing number of global threats now confronting the U.S. and its allies mean we must be prepared, and manufacturers such as Lockheed Martin are a critical part of the equation.
