Lockheed Martin raises full-year outlook amid rising defense spending

Lockheed Martin: Lockheed Martin is a leading U.S. aerospace and defense contractor specializing in advanced military aircraft, missile systems, and related technologies. The company recently raised its full-year outlook due to strong demand for its missile systems portfolio amid rising global defense spending. It has also advanced production and agreements for key programs including missile interceptors and fighter jets driven by ongoing geopolitical conflicts. Geopolitical Demand: Ongoing conflicts have driven increased demand for Lockheed Martin's missile defense systems and fighter jets. Government Agreements: The company finalized a multi-year framework agreement with the Pentagon for F-35 aircraft production and sustainment.