AcquisitionLockheed Martin plans to acquire Terran Orbital, a high-volume satellite manufacturer, for ~$450mn, potentially boosting its capabilities in the space sector.
Contract AwardsLockheed Martin secured three significant contract awards totaling $5.1bn, aimed at enhancing F-35 sustainment and driving continued engineering advancements.
Financial PerformanceLockheed Martin delivered better-than-expected 2Q24 results with sales increasing ~9% year over year to ~$18.1 billion, surpassing market expectations.