StocksMedium•27 October 2026•
1 min read
Lockheed Martin Wins $694M US Air Force Hypersonic Weapon Contract
Key Facts
1The U.S. Air Force awarded Lockheed Martin a $694 million contract to produce the Air-Launched Rapid Response Weapon (ARRW).
The U.S. Air Force awarded Lockheed Martin a $694 million contract to produce the Air-Launched Rapid Response Weapon (ARRW). Benzinga reported that the contract is part of the U.S. military's ongoing efforts to develop and deploy advanced hypersonic missile capabilities.
Lockheed Martin stock, trading under the ticker LMT, closed at $635.2 on October 26, 2026, after reaching a day high of $636.56 and a low of $611.27. The contract announcement follows data showing U.S. Durable Goods Orders grew by 1.8% in September 2026, exceeding the 1.5% forecast.
The market is awaiting the Federal Reserve interest rate decision scheduled for October 28, 2026, with forecasts expecting rates to remain at 4%.