LMT News & Events

Peruvian officials looking to purchase new fighter jets concluded buying aircraft from Lockheed Martin would be in the nation's best interest due to its price and in hopes the U.S. could become a major defense ally, Marcelo Rochabrun of Bloomberg reports. However, the deal worth up to $3.5B for 24 F-16 fighter jets is now at risk of falling apart after Interim Peruvian President Jose Maria Balcazar indefinitely postponed a contract signing. Balcazar said any decision on the matter should fall to a new administration coming in later in the year.

Lockheed Martin was awarded a $101,648,477 modification to contract W31P4Q-25-C-0023 for contractor field service representatives maintenance tasks, troubleshooting, technical manuals, sparing, and test event support.

Karman Space & Defense (KRMN) announced Doug Laurendeau, former vice president of Enterprise Strategy Integration at Lockheed Martin Corporation (LMT), will join Karman's senior leadership team as chief growth officer, and current chief growth officer Stephanie Sawhill will assume the role of chief technologist. Both transitions will become effective on May 6, 2026.

Lockheed Martin was awarded an $850.41M cost-plus- incentive-fee modification to a previously awarded and announced contract for TRIDENT II Life Extension 2 SSP Alteration Advanced Design and Development Program efforts. Work is expected to be completed September 30, 2030. FY26 weapons procurement funds in the amount of $850.41M will be obligated on this modification award and no funds will expire at the end of the current fiscal year. This contract is being awarded to the contractor on a sole source basis under 10 U.S. Code 2304 and was previously synopsized on the Systems for Award Management website, with one proposal received. Strategic Systems Programs is the contracting activity.