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Lockheed Martin Awarded $1 Billion in New Contracts June 3, 2026

Lockheed Martin Awarded $1 Billion in New Contracts June 3, 2026

Aerospace and defense giant Lockheed Martin won more than $1 billion in new contracts from the Pentagon in May, including $879 million to support the F-35 Lightning II program. The fifth-generation multirole stealth fighter, which is produced in three unique variants for the United States military and its partners, is already among the most expensive defense programs in history. Current estimates are that it will exceed more than $1 trillion throughout its service life, which could extend into the 2070s or later.

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