:

Business/Financial

Missile Business Leads Lockheed Martins Second Quarter Results Higher

By Cal Biesecker

Thursday, July 23rd, 2026

SHARE:

Missile Business Leads Lockheed Martins Second Quarter Results Higher

A THAAD interceptor is launched from Kodiak, Alaska during Flight Experiment THAAD (FET)-01 on July 30, 2017. (Photo: Missile Defense Agency)

Higher sales of air defense interceptors and a surface-to-surface missile, coupled with the absence of losses on several contracts that hit the company a year ago, helped drive revenue and earnings growth at Lockheed Martin [LMT] in the second quarter, the company reported on Thursday. The company’s Missiles and Fire Control (MFC) segment posted strong double-digit top and bottom-line increases on the strength of the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense (THAAD) missile interceptor programs, and the…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]