Lockheed Martin’s stock jumps as a ramp up in missile production helped lead to an earnings beat and raise.

Lockheed Martin raises full-year guidance after strong Q2 earnings, record $230B backlog and missile demand growth.

Lockheed Martin highlighted major contract wins to support long-term growth, helping lift its second-quarter backlog to a record $230 billion.

Aerospace manufacturer Lockheed Martin said Monday it will field a new, lower-cost version of the Patriot missile, the U.S. military's primary air defense system for shooting down incoming missiles and aircraft.

Lockheed Martin will report second-quarter results before the opening bell on Thursday, which should offer a clearer picture of whether the defense contractor has overc

The defense contractor says the new design could be fielded faster and cost less than half as much as its bestselling version.

Lockheed Martin is rolling out the Morfius X-Rotor, a recoverable counter-drone system the company says can kill 50 enemy drones in one flight.

Lockheed Martin beats American Airlines across earnings, analyst consensus, and beat odds, with EPS guidance ranging from $29 to $30 compared to AAL's loss-to-slim-profit range. AAL carries $35 billion in debt,

The Adapted Capability Effector, or ACE, missile would use the PAC-3's launcher and command and control software, but a less expensive rocket motor, radar, and electronic brain, according to a company announcement and remarks by Lockheed Martin Missiles and Fire Control president Tim Cahil at the Farnborough International Airshow.

Lockheed Martin Corp. shares jumped in pre-market trading after the company raised its full year sales forecast, as geopolitical tensions around the world boost defense spending.

Lockheed Martin introduced a cheaper Patriot interceptor as the U.S. and partner nations grapple with the exorbitant costs of shooting down cheap drones.

The defense contractor beat earnings and revenue estimates in the second quarter.