Lockheed Martin News

Saildrone Founder and CEO Richard Jenkins shares news on Lockheed Martin's recent investment in Saildrone:Today, I am delighted to announce a $50 million investment from Lockheed Martin in Saildrone, Inc. This commercial relationship marries the world’s most sophisticated and trusted defense technology with the world’s most capable and operationally proven USV technology. Together, we will rapidly equip Saildrone USVs with all-domain defense technology for lethal military applications.

HavocAI, a developer of maritime autonomous systems, has secured $85 million in new capital.The funding comes from new investors B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners, along with continued support from Scout Ventures and Outlander Ventures in addition to other early funders.The funding round, completed at a significant valuation increase, brings HavocAI's total funding to nearly…

South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S. Navy, said Woo-maan Jeong, head of planning and management for HD Hyundai's 329180.KS naval and special ship unit…

MARL International, part of Glamox, a global leader in lighting, announced today that it is partnering with Canadian firm Apex Industries, which will manufacture its marine lighting systems under license in Canada for three destroyers for the Royal Canadian Navy (RCN). Apex Industries was awarded the lighting systems contract by Irving Shipbuilding, which will build the vessels at its shipyard in Halifax, Nova Scotia, while Lockheed Martin Canada will provide the defense equipment. The vessels are part of the River Class Destroyer program.

European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.According to Bild, the Luerssen family, who own the shipbuilder, plan to divest its military shipyards in Hamburg…

Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.

U.S. President Donald Trump wants a pay raise for troops, more high-tech missiles and drones in next year's defense budget, while cutting Navy jobs, and buying fewer ships and fighter jets to save money, according to budget materials posted Wednesday.At $892.6 billion, the defense and national security budget request is flat compared with this year.The budget, which also includes nuclear weapons-related activities carried out by the Department of Energy and increases funding for homeland security…

The House Appropriations Committee's Defense subcommittee released its draft bill for fiscal-year 2026 late on Tuesday, which aims to buy one additional F-35 jet versus the Pentagon's 2025 budget request and make investments in naval vessels, and missile defenses.The committee's draft of its version of the 2026 purchasing bill was released ahead of any formal input from the Trump administration's Pentagon - which has been delayed. The language in the bill shows the Republican-controlled Congress' continued focus on modernizing the U.S.

The two Chinese aircraft carriers spotted conducting simultaneous operations in the Pacific for the first time send a political message about the country's "expansionist" aims, Taiwan Defence Minister Wellington Koo said on Wednesday.Japan's defence minister said the previous day that the appearance of the Chinese aircraft carriers signified Beijing's intention to further widen its capabilities beyond its borders.Koo said the armed forces had a "full grasp" of the carriers' movements."Crossing…

The same error-prone sensitivity that has slowed down the development of quantum computers is being turned into an advantage for GPS-denied navigation.A new quantum sensing technology from Australia-based Q-CTRL has most recently caught the interest of Lockheed Martin and the US Defense Innovation Unit, but the company is already working with the Australian Department of Defence, the UK Royal Navy, the US Department of Defense and Airbus.These agencies are interested in a quantum-sensing-based navigation system…

Australia is scrambling to deploy new long-range missiles as the recent arrival of powerful Chinese warships off the Australian coast delivers a sharp reminder of Beijing’s growing naval muscle.In a move to boost military firepower, Canberra plans to arm Australian soldiers with anti-ship missiles and advanced targeting radars to protect the country’s vast maritime approaches, according to contract announcements as well as a flurry of recent official speeches and ministerial statements.Two…

What has been described as the most transformational warship in the U.S. Navy has been transformed again. USS Zumwalt (DDG 1000) recently completed modifications to remove her main guns and replace them with a hypersonic missile capability. The work to have her guns removed to make space for new weapons was conducted at Ingalls Shipbuilding in Pascagoula, Miss. With the modifications, Zumwalt  now carries four “all-up round canisters” for the Conventional Prompt Strike (CPS) missile in place of the forward Advanced Gun System (AGS) gun mount.

Vigor announced that Mark Norris has joined the company as Vice President of Marine Fabrication, to be based in the company's Vancouver, Washington facility.Vigor is currently in production on the Maneuver Support Vehicle (Light), or MSVL, the U.S. Army’s new generation landing craft. He will be responsible for growing and maintaining an experienced, skilled team, while leading Vigor’s defense and commercial marine fabrication projects.“We are fortunate to have someone with Mark’s wealth of experience and knowledge joining at a critical time for Vigor’s Marine Fabrication division…

While the U.S. Navy’s first Constellation-Class Frigate (FFG 62) is under construction in the United States, Norway is showing serious interest in the guided-missile frigate, as well as bolstering its longstanding strategic partnership with America.Last week Norwegian Minister of Defence, Mr. Bjørn Arild Gram, released a statement confirming that Norway is considering the Constellation-Class Frigate, as well as three other designs from outside the country. Norway is interested in procuring five or six ships…

The U.S. Navy will commission the future USS Beloit (LCS 29), a Freedom-variant littoral combat ship, on Nov. 23, 2024, in Milwaukee, Wisconsin.As the ship’s sponsor, retired Army Maj. Gen. Marcia M. Anderson will lead the time-honored Navy tradition of giving the order during the ceremony to “Man our ship and bring her to life!” At that moment, the commissioning pennant is hoisted, and the Beloit becomes a proud ship of the fleet.Following its commissioning, the Beloit will depart Milwaukee for its homeport assignment of Naval Station Mayport in Jacksonville…

The U.S. Navy announced it has accepted delivery of the second-to-last Freedom-variant Littoral Combat Ship (LCS), the future USS Beloit (LCS 29), from Lockheed Martin at the Fincantieri Marinette Marine shipyard in Marinette, Wis, on September 30.The 15th Freedom-variant Littoral Combat Ship and the 29th in the LCS class, Beloit is the first Navy warship named in honor of the city of Beloit, Wis.“Beloit is another shining example of what it means to finish strong,” said Capt. Matthew Lehmann, program manager of the Littoral Combat Ship program office.

The U.S. Navy commissioned Independence-variant littoral combat ship USS Kingsville (LCS 36) at the Solomon P. Ortiz Center, on August 24.Kingsville, the 18th Independence-variant LCS, is the first to bear this name and pays homage to the city of Kingsville and the King Ranch. The ship’s sponsor is a member of the sixth generation of the King Ranch family, descendants of steamboat captain Richard King who founded in the King Ranch in Kingsville in 1853. The King Ranch continues…

The U.S. Navy's deployment of new extremely long-range air-to-air missiles in the Indo-Pacific could erase China's advantage in aerial reach, experts say, part of an intensifying focus on projecting power amid high tensions in the region.The AIM-174B, developed from the readily available Raytheon SM-6 air defense missile, is the longest-range such missile the United States has ever fielded and was officially acknowledged in July.It has three key advantages: it can fly several times farther than the next-best U.S.

Electric motor startup H3X on Tuesday announced it has raised $20 million through an oversubscribed Series A round led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, and follow-on investors that include Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures and TechNexus.Denver-based H3X manufactures high power density electric motors for aviation, marine, industrial and defense applications.

The U.S. Navy on Monday accepted delivery of the future USS Nantucket (LCS 27) from the Fincantieri Marinette Marine shipyard in Marinette, Wis.Delivery of the latest Freedom-variant Littoral Combat Ship (LCS) follows the successful completion of Acceptance Trials in December 2023. Nantucket will commission later this year, and will be homeported in Mayport, Fla.“The future USS Nantucket serves as a shining example of the perseverance of the United States maritime industrial base and shows that the partnership we have with industry is built to last,” said Capt.

Austal USA, a U.S. shipbuilding subsidiary of Australia's Austal Group, announced it has named Mark Santamaria as its new chief financial officer (CFO).“Mark’s extensive background in government and commercial contracting environments is a valuable asset to Austal USA,” stated Austal USA president Michelle Kruger. “We are excited to have him on our senior leadership team and look forward to benefiting from his financial management experience.”Santamaria has served as CFO for several major defense contractors throughout his lengthy career.

The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval warfare.The lethal effectiveness of sea drones has been demonstrated in the Black Sea where Ukraine has deployed remote-controlled speed boats packed with explosives to sink Russian frigates and minesweepers since late 2022.Yemeni-backed Houthi rebels have employed similar vessels against commercial shipping in the Red Sea in recent months…

The U.S. Navy accepted delivery of the future USS Kingsville (LCS 36) at Austal USA’s shipyard in Mobile, Ala., March 1.Kingsville is the 18th Independence-variant Littoral Combat Ship (LCS) constructed, and is the first ship ever named after Kingsville, Texas.The LCS class comprises fast, optimally manned, mission-tailored surface combatants that can operate in both near-shore and open-ocean waters to counter 21st-century coastal threats.Kingsville successfully completed Acceptance Trials on February 1 and will be commissioned later this summer…