Boeing receives seven-year contract to accelerate PAC-3 MSE seeker outputPR NewswireHUNTSVILLE, Ala., Oct. 5, 2026The award formalizes a seven-year framework to

Boeing on Monday said it was awarded a seven-year contract ​worth about $14.7 billion by Lockheed Martin to ‌scale production and deliver PAC-3 Missile Segment Enhancement (MSE) seekers.

The award formalizes a seven-year framework to triple PAC-3 MSE seeker production. Increased production supports the Pentagon's Acquisition Transformation Strategy and strengthens the nation's U.S. Arsenal of Freedom.

LMT's backlog, munitions investments and new production agreements support growth, but debt and execution risks remain key concerns.

VettaFi has experienced strong growth as a differentiated index provider in 2026. This momentum continues with today's acquisition of The SPADE® Defense Index.

Lockheed Martin has raised its dividend for 23 straight years on the strength of a single customer, but two recent quarters exposed just how quickly that cash cushion can vanish when fixed-price contracts go wrong.

Lockheed Martin is taking a model-agnostic approach to AI, using 55 different large language models across its business while applying the technology to everything from internal operations to autonomous weapons systems. SVP of Technology and Strategic Innovation Sarah Hiza discusses how Lockheed tests AI before deploying it, the growing role of autonomy and crewed-uncrewed teaming, and reveals that OpenAI is working alongside the F-35 team to tackle complex math and physics challenges tied to advanced sensor capabilities.

Fortem has raised $50 million in Series B funding, with Lockheed Martin participating as the counter-drone company looks to rapidly expand manufacturing and bookings. CEO Jon Gruen discusses how the partnership with Lockheed has evolved from venture investment to deploying technology together, and lessons learned from operating in active conflict zones.

From inside Lockheed Martin's storied Skunk Works, Aeronautics President OJ Sanchez discusses the company's push to move faster on the next generation of air power. He explains why Lockheed is investing ahead of formal Pentagon requirements in its autonomous Vectis aircraft, and how a single F-35 could eventually control as many as eight Vectis drones.

Lockheed Martin Corp. Chief Executive Officer Jim Taiclet wants all of the world's largest defense contractor to move nimbly and innovate like the company's secretive Skunk Works unit. He speaks with Bloomberg Television's Ed Ludlow.