US presidents have boarded the Marine One helicopter from the White House South Lawn for decades. President Donald Trump said the White House is getting a granite helipad funded by Lockheed Martin.

When Iran attempted to impose transit tolls on ships through the Strait of Hormuz this spring, Secretary of State Marco Rubio dismissed it as illegal: “No country is allowed to charge tolls or fees on an international waterway.

LMT's $3.45B Ultra Maritime deal highlights a broader naval defense consolidation wave, making defense ETFs a diversified way to gain sector exposure.

Lockheed Martin (NYSE: LMT | LMT Price Prediction) and Boeing (NYSE: BA) both posted Q1 2026 results that read like two different industries.

U.S. defence company Lockheed Martin and Germany's Rheinmetall signed a ​memorandum of understanding on Tuesday to ‌jointly produce ATACMS missiles in Germany, a move that would mark the first manufacture ​of the short-range ballistic missile ​outside the United States.

ANKARA, Türkiye, July 7, 2026 /PRNewswire/ -- During the NATO Summit Defense Industry Forum, Lockheed Martin (NYSE: LMT) and Rheinmetall announced the signing of a memorandum of understanding (MOU) that addresses the immediate demand for locally produced munitions in Europe. With the support of the United States and German governments, the agreement marks the next step toward establishing a joint venture to create the first European centre of excellence for the manufacturing, integration and distribution of ATACMS across NATO and allied European forces.

Palantir is becoming the military's AI brain. Its software is moving from pilot projects to core defense infrastructure, giving it a growing role in how modern wars are fought.

Marley Kayden touches on Lockheed Martin's (LMT) acquisition of a naval defense firm. Sam Vadas explains how SK Hynix is outperforming U.S. listed competitors and what's driving its momentum.

Lockheed Martin Corp (NYSE:LMT) said on Monday it has signed a definitive agreement to acquire Ultra Maritime for $3.45 billion, in a move aimed at expanding its undersea warfare and anti-submarine warfare capabilities for allied naval forces. Ultra Maritime is a global defense company specializing in advanced undersea systems, including sonar technologies, sonobuoys, torpedo defense systems, radar solutions and autonomous maritime sensing platforms.

Lockheed said Ultra Maritime's portfolio of anti-submarine warfare will complement and expand its ability to offer sonar solutions for maritime platforms.