Surging geopolitical instability, heightened military conflicts, and rising cybersecurity threats have prompted governments ...

Lockheed Martin (NYSE: LMT) has received a potential $3.43 billion contract modification from the U.S. Army to produce surface-to-surface weapon systems for the service branch.

The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $237.5M contract to perform hardware design modification on the Guided Multiple Launch Rocket System.

The deal has an estimated cost of $91.2m (A$145.4m) with Lockheed Martin in the US, and Lockheed Martin Australia named as the principal contractors.

The focus is on the next-generation Precision Strike Missile (PrSM), which was recently successfully tested in Australia. According to Lockheed Martin, the missile hit a target at a range of more than ...

Germany wants to be able to fire US-made GMLRS rockets from Israeli launchers, yet it doesn’t plan to purchase GMARS rocket ...