Lockheed Martin raised its quarterly dividend 4.3% to $3.60 per share from $3.45, its board decided on October 9. The annualised payout rises to $14.40 per share, marking 24 straight years of increases. The dividend is due December 31 to shareholders of record on December 1. At a share price of about $532, the yield is roughly 2.7%. Demand supports the payout. Second-quarter sales grew 11% to $20.1 billion, and the company booked $65 billion in new orders, lifting its backlog to a record $230.4 billion. Free cash flow reached $2.92 billion. The Pentagon is seeking $1.1 trillion in discretionary spending for fiscal 2027, including 188% more for missile purchases.

Lockheed Martin plans to create 6,000 jobs across the US, including 2,000 in Texas, as it expands munitions production. The company is investing $300 million in its Grand Prairie, Texas, facility, which will grow to more than 735,000 square feet. Startup Hadrian will install a 24-machine automated machining cell there, expected to be operational in early 2027. The cell will add capacity for critical defense components. The investment is part of a broader commitment of $8–9 billion through 2030 to scale munitions production and modernise or expand more than 20 US facilities. Grand Prairie supports programmes including PAC-3 MSE, THAAD, PrSM, and JATM. Lockheed Martin expects to add nearly 100 new advanced machines there by the end of 2026.

Hadrian, an advanced manufacturing company, has signed a seven-year agreement with Lockheed Martin to bring its automated manufacturing into Lockheed's Missiles and Fire Control facility in Grand Prairie, Texas. The companies announced the deal on October 14, 2026. It builds on a memorandum of understanding from December 2025. Hadrian will add its Opus software platform and national factory network to Lockheed's production expertise, expanding capacity for the PAC-3 MSE, THAAD, PrSM, and GMLRS missile programs. Commissioning begins in early 2027, with manufacturing cells phased in over the seven years. Each cell will support multiple missile programs. Moving machining on-site is meant to strengthen supply chain resilience, while production can still shift across Hadrian's wider network as demand changes. "The warfighter can't wait on peacetime timelines," said Chris Power, chief executive officer of Hadrian.