Lockheed Martin secured a seven-year contract worth up to $53.86 billion from the Pentagon for PAC-3 Missile Segment Enhancement interceptors. Combined with $4.7 billion awarded in April, the total deal reaches $58.62 billion. The contract addresses depleted US stockpiles. Fewer than 800 Patriot missiles remain in US inventories, down 65% from 2,330 before the Iran conflict. Lockheed is tripling PAC-3 MSE production capacity by 2030 and expanding its Camden, Arkansas workforce from 1,200 to 1,850 employees. The company is investing $8 billion to $9 billion in facilities through 2030. Lockheed generated $75.1 billion in revenue in FY2025, up 5.7%, with $6.9 billion in free cash flow. However, approximately 72% of 2025 sales came from the US government, creating concentration risk. The F-35 programme alone accounts for 27% of revenue.

Lockheed Martin has launched Strigo, a modular defense system featuring radio-frequency sensors, missile datalinks and seeker technologies built on a common baseline. The company established a dedicated product centre less than two years ago to accelerate development of these capabilities. Technologies from the Strigo family have already informed aspects of the PrSM Increment 2 seeker package. The product centre enables concepts to progress from initial design to tested solution in months rather than years. The company aims to deliver solutions that can be rapidly adapted to counter emerging threats. Strigo solutions can be reconfigured for various missions, including air defence, missile defence and air-to-surface engagements. Lockheed Martin plans to continue investing in RF sensor, missile seeker and missile datalink technologies to support US military capabilities.

Berlin-based SPREAD GmbH secured a strategic investment from Lockheed Martin Ventures, extending its $30 million Series B round announced in April 2026. The investment comes from Lockheed Martin Ventures' fund earmarked for the UK and Europe, valued at at least $100 million as part of its $1 billion expansion. SPREAD provides an AI-native Product Lifecycle Operating System for manufacturers of complex mechatronic systems across automotive, industrial, and defence sectors. The company's platform unifies fragmented product data into a "Product Twin," bridging design intent with AI execution from R&D through field quality and service. The investment was announced at the Farnborough International Airshow in July 2026. Hogan Lovells Cadwalader advised SPREAD on the transaction, with partner Maximilian Broermann and senior associate Lucie Arntz co-leading the team.