Priced at $4.2 million per unit currently, PAC-3 MSE is a $2.5 billion franchise for Lockheed Martin at present. Although it seems implied that the increased production rates will yield lower prices for the customer, if one were to triple the production rate and hold the price constant, for example, that would grow to $8.4 billion annually.

Lockheed Martin said on Wednesday it delivered 191 F-35 fighter jets in 2025 to the United States and its allies, a record for the program. "Annual F-35 production is now running at a pace five times faster than any other allied fighter currently in production,

Shares in the world's leading defense contractor, Lockheed Martin (NYSE: LMT), rose 3.5% on the opening of trading as the market rushed to buy into defense stocks in the wake of recent events in Venezuela.

Defense stocks rebounded sharply in after-hours trading following President Donald Trump’s social media post outlining plans for a significantly increased defense budget.

Canada’s industry minister is planning to meet with executives at Lockheed Martin Corp. soon to try to leverage more jobs out of a multibillion-dollar deal to acquire fighter jets.