We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Lockheed Martin Expanding Its Missile Production Capacity?
Read MoreHide Full Article
Key Takeaways
Lockheed Martin is expanding missile production via supply-chain, tooling and manufacturing upgrades.
LMT plans to quadruple Precision Strike Missile output under a new framework agreement.
LMT opened a Rapid Fielding Center to speed development, testing and prototype production.
Lockheed Martin (LMT - Free Report) is actively expanding its missile production capacity through increased manufacturing, supply-chain investments and major program wins. With rising global defense demand, the company is scaling its operations to support the United States and its allies.
Lockheed Martin has a strong portfolio of proven missile systems, including the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD), Joint Air-to-Surface Standoff Missile (JASSM) and the Javelin anti-tank missile. To meet growing demand, the company is ramping up production. In a press release on March 26, 2026, LMT highlighted efforts to strengthen its supplier network, expand tooling and improve manufacturing readiness to support higher output.
The company is also increasing production of its Precision Strike Missiles (PrSM). On March 25, 2026, LMT announced a framework agreement to boost PrSM output, which is expected to quadruple production capacity, building on an earlier $4.94 billion contract. This highlights a significant expansion in its missile manufacturing capabilities.
Moreover, Lockheed Martin is investing in infrastructure to speed up development and production. On March 31, 2026, LMT announced the opening of its Rapid Fielding Center, a facility designed to streamline development, testing and prototype production. This integrated setup helps reduce costs and enables faster delivery of new systems.
Overall, through higher production rates, expanded supply-chain capabilities, new facilities and strong contract momentum, Lockheed Martin is clearly expanding its missile production capacity to support long-term growth.
Other Stocks to Keep on the Watchlist
Other aerospace companies that are expanding their missile production are discussed below:
RTX Corporation (RTX - Free Report) : RTX is expanding its missile production capabilities through investments. In March 2026, the company announced a 26,000 square-foot expansion of its Redstone Missile Integration Facility, supported by a $115 million investment. This expansion is expected to increase the facility’s integration and delivery capacity by more than 50%, highlighting RTX’s efforts to scale up its missile operations.
Northrop Grumman (NOC - Free Report) : The company is expanding its missile-related production capabilities through new infrastructure investments. In April 2025, the company opened its Enhanced Production and Integration Center (EPIC) in Alabama, a large-scale facility designed to support high-rate production programs. The center increases production capacity for key missile defense systems like the Integrated Battle Command System (IBCS), highlighting NOC’s efforts to scale its manufacturing and integration capabilities.
The Zacks Rundown for LMT
Shares of LMT have surged 35.8% in the past year compared with the industry’s 27.1% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 20.24X compared with its industry’s average of 31.39X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for LMT’s 2026 and 2027 earnings has moved north over the past 60 days.
View the Zacks #1 Rank List
Image: Bigstock
Is Lockheed Martin Expanding Its Missile Production Capacity?
Key Takeaways
Lockheed Martin (LMT - Free Report) is actively expanding its missile production capacity through increased manufacturing, supply-chain investments and major program wins. With rising global defense demand, the company is scaling its operations to support the United States and its allies.
Lockheed Martin has a strong portfolio of proven missile systems, including the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD), Joint Air-to-Surface Standoff Missile (JASSM) and the Javelin anti-tank missile. To meet growing demand, the company is ramping up production. In a press release on March 26, 2026, LMT highlighted efforts to strengthen its supplier network, expand tooling and improve manufacturing readiness to support higher output.
The company is also increasing production of its Precision Strike Missiles (PrSM). On March 25, 2026, LMT announced a framework agreement to boost PrSM output, which is expected to quadruple production capacity, building on an earlier $4.94 billion contract. This highlights a significant expansion in its missile manufacturing capabilities.
Moreover, Lockheed Martin is investing in infrastructure to speed up development and production. On March 31, 2026, LMT announced the opening of its Rapid Fielding Center, a facility designed to streamline development, testing and prototype production. This integrated setup helps reduce costs and enables faster delivery of new systems.
Overall, through higher production rates, expanded supply-chain capabilities, new facilities and strong contract momentum, Lockheed Martin is clearly expanding its missile production capacity to support long-term growth.
Other Stocks to Keep on the Watchlist
Other aerospace companies that are expanding their missile production are discussed below:
RTX Corporation (RTX - Free Report) : RTX is expanding its missile production capabilities through investments. In March 2026, the company announced a 26,000 square-foot expansion of its Redstone Missile Integration Facility, supported by a $115 million investment. This expansion is expected to increase the facility’s integration and delivery capacity by more than 50%, highlighting RTX’s efforts to scale up its missile operations.
Northrop Grumman (NOC - Free Report) : The company is expanding its missile-related production capabilities through new infrastructure investments. In April 2025, the company opened its Enhanced Production and Integration Center (EPIC) in Alabama, a large-scale facility designed to support high-rate production programs. The center increases production capacity for key missile defense systems like the Integrated Battle Command System (IBCS), highlighting NOC’s efforts to scale its manufacturing and integration capabilities.
The Zacks Rundown for LMT
Shares of LMT have surged 35.8% in the past year compared with the industry’s 27.1% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 20.24X compared with its industry’s average of 31.39X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for LMT’s 2026 and 2027 earnings has moved north over the past 60 days.
Image Source: Zacks Investment Research
LMT stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.