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Karman Space & Defense Signs $218M Agreement with Lockheed Martin
Karman Space & Defense (KRMN) has entered into a seven-year, $218M agreement with Lockheed Martin (LMT) to provide shrouds for the Terminal High Altitude Area Defense program. Under the agreement, Karman will manufacture shrouds for the THAAD interceptor. These protective aerodynamic structures shield critical interceptor components from extreme aerodynamic forces and environmental conditions during launch and flight and must separate cleanly and reliably at the appropriate point in the mission.
U.S. Army Awards $215M Contract to Javelin Joint Venture of Raytheon and Lockheed Martin
The U.S. Army awarded the Javelin Joint Venture, a partnership between Raytheon, an RTX (RTX) business, and Lockheed Martin (LMT), a $215M production contract for Lightweight Command Launch Units, or LWCLU. The LWCLU, the next-generation launcher for the Javelin weapon system, is replacing its legacy command launch unit. The Javelin LWCLU is designed to be adaptable and compatible with all current, past and future Javelin variants. The award comes five months after the JJV delivered the first LWCLUs to the Army.
Lockheed Martin Delivers C-130J-30 Super Hercules Aircraft
A new era of strategic airborne command and control capability for the U.S. Navy has officially begun with Lockheed Martin delivering a C-130J-30 Super Hercules aircraft destined to become the future of the Take Charge and Move Out mission, at the company's Marietta, Georgia, facility on Oct. 15. The C-130J-30 Super Hercules will be modified into the E-130J Phoenix II, the Navy's next-generation TACAMO mission platform, fulfilling an added mission for the Super Hercules. TACAMO is the U.S. Navy's airborne nuclear command-and-control support mission.
Lockheed Martin Plans to Create 6,000 Jobs Across the U.S.
Lockheed Martin announced plans to create 6,000 jobs across the U.S. including 2,000 in Texas, as the company expands advanced manufacturing capacity to accelerate production of critical munitions. Lockheed Martin opened a nearly 200,000-square-foot expansion of a new advanced manufacturing facility that will expand the company's manufacturing footprint in Grand Prairie, Texas, to more than 735,000 square feet. At the center of that growth is Lockheed Martin's Grand Prairie operation, where the company is investing $300M. The expansion includes 100,000 square feet of new space and 85,000 square feet of office space being transformed for advanced manufacturing. Hadrian will bring an automated machining cell to the Grand Prairie facility, operated by the Lockheed Martin production workforce. Expected to be operational in early 2027, the 24-machine cell will bring commercial-style manufacturing technology directly into Lockheed Martin's production environment. The $300N investment in this expansion is part of the company's broader commitment to invest $8B-$9B through 2030 to scale munitions production and modernize or expand more than 20 facilities across the United States.
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