Tag: aerospace and defense
5 articles
Lockheed Martin Ramps Up Munitions Production with New Facilities
Lockheed Martin is taking a major leap forward in its munitions production capacity with the construction of a new facility at its Munitions Production Center in Troy, Alabama, marking a significant milestone in its $8-9 billion effort to ramp up missile production nationwide. The new Building 47 will help double the factory footprint in Troy and dramatically expand the workforce.
AEVEX Bolsters Naval Tech with $650M BlackSea Deal
AEVEX is supercharging its naval tech capabilities with the game-changing $650M acquisition of BlackSea Technologies, bringing together a powerhouse of maritime expertise and a culture of mission-driven innovation. The deal, which includes $250M in cash and $350M in stock, plus up to $50M in performance-based earnout, is set to take AEVEX to the next level.
Rheinmetall's Naval Business Hit by $346 Million F126 Frigate Loss
Despite a setback with Germany's cancellation of the F126 frigate programme, Rheinmetall remains optimistic about its military business, citing a strong order book and increased defence budgets worldwide. The company has adjusted its naval sales forecast downward by $346 million, but still expects robust growth, with projected 2026 sales between $15.7 billion and $16.3 billion.
Aselsan Bolsters Defence Lead with $23.2 Billion Backlog
Aselsan is leading the defence charge with an impressive $23.2 billion backlog, a 45% year-on-year surge that showcases the company's momentum and growing influence in the industry. With order intake outpacing revenue, Aselsan's order book is rapidly expanding, setting the stage for continued success.
Rheinmetall Sees Sales Surge Amid Naval Expansion
Rheinmetall is riding a wave of success, with sales soaring to €1.9 billion in Q1 2026 - an impressive 8% jump from last year - as its naval expansion plans gain momentum. The company is optimistic about the future, predicting a significant growth spurt in Q2 fueled by large naval and automotive orders.