Pete Hegseth, Lockheed Martin and Fort Worth
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Lockheed Martin is developing two concepts for greatly extending the range of the Sikorsky MH-60R/S Seahawk to offer to the U.S. Navy as alternatives to the crewed helicopter in the Future Vertical Lift-Maritime Strike (FVL-MS) family. The Advanced Single Main Rotor (A-SMR) concept proposes adding a...
Record deliveries of the F-35 fighter in 2025 and a recent agreement with the Defense Department to triple production of Patriot Advanced Capability
The deal comes as the Defense Department seeks to overhaul its acquisition apparatus to prioritize speed and as top officials have promised industry steady demand signals — and bigger awards — if companies make deeper investments into developing new products and expanding infrastructure.
Shares of Northrop Grumman and Lockheed Martin surged in early trading on Thursday, headlining broader gains for defense stocks after President Donald Trump called for a $1.5 trillion defense budget—reversing yesterday’s declines after Trump criticized the industry.