Military · Friday, 24 July 2026
Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
Lockheed Martin increased its 2026 financial guidance as the Pentagon accelerates weapons procurement to replenish stockpiles.
TL;DR
The company reported a 20% revenue increase in its missiles and fire control segment, driven by demand for PAC-3 and THAAD systems. Increased production of precision munitions reflects the ongoing U.S. military effort to rebuild inventories depleted by recent global conflicts.
Reuters23 Jul, 11:35 BST
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