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Business/Financial

Ukraine War Prompted Lockheed Martin To Invest Own Money In Capacity

By Cal Biesecker

Tuesday, October 18th, 2022

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Ukraine War Prompted Lockheed Martin To Invest Own Money In Capacity

A High Mobility Artillery Rocket System (HIMARS) rocket launch.

Shortly after Russia’s unproved invasion of Ukraine in February, Lockheed Martin [LMT] realized it would need to ramp up its production of certain weapon systems the Defense Department was supplying to the Ukrainian military and made the decision to begin making the necessary investments on its own. DoD transfers and spending on weapons for Ukraine such as the HIMARS multiple rocket launcher, Javelin anti-tank guided weapon system, Guided Multiple Launch Rocket System surface-to-surface missiles, and others present “upside opportunities” to…

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