Lockheed Martin wins $694 million Air Force contract for ARRW hypersonic missile
Lockheed Martin has received a $694 million U.S. Air Force contract to produce the ARRW hypersonic missile and is expanding its Alabama plant for it.
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what happened
Lockheed Martin has received a $694 million contract from the U.S. Air Force to produce the ARRW air-launched hypersonic missile. The company announced this in a press release carried by TradingView. According to Lockheed Martin, the missile will be carried on the B-52 bomber and can travel at speeds above Mach 5, engaging targets from long standoff distances.
The company has also broken ground on an expansion of Building P-20 in Troy, Alabama. The project adds 47,000 square feet of production space, which Lockheed Martin says will triple the current production space of the facility. The company expects the expansion to create new jobs over the next four years.
why it matters
For markets this is mainly a single-company story: a large contract adds to the defense contractor's order backlog and shows that production is starting. Such a deal rarely moves the broader market.
market impact
Lockheed Martin: a large contract supports the company's order backlog and revenue outlook
- Lockheed Martin shares pressure up — the $694 million contract adds to the company's order backlog
tags
instruments
sources
- Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom — TradingView, 27 October 2026 at 19:33 UTC
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