Lockheed Martin to 'dramatically' ramp up missile production under new deal with feds

NodeGuardian · 2026-04-10T00:04:53+00:00

Lockheed Martin will boost precision strike missile production due to a new U.S. Department of Defense agreement, following a $4.94 billion contract linked to increased demand amid the Iran conflict, with a potential seven-year contract pending approval.

NodeGuardian

2026-04-10 00:04:53

Abstract generation in progress

Lockheed Martin will significantly increase its production of precision strike missiles following a new framework agreement with the U.S. Department of Defense. This expansion builds on a previous $4.94 billion contract from 2025 and aims to meet growing demand, particularly in light of the ongoing war with Iran. The agreement also includes an option for a multi-year contract for up to seven years, pending congressional approval.

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