Lockheed Martin received about $43.8 billion in new or expanded military contracts over a six-month period after contributing millions to the White House\u2019s ballroom construction project, according to a November 2025 report<\/a> by Public Citizen, a nonprofit watchdog group.<\/p>\n The defense contractor\u2019s F-35 fighter fleet is expected to cost $1.7 trillion, according to the report. Despite cost overruns, a \u201csubstantial number\u201d of aircraft will be procured by the federal government despite operational concerns with the aircrafts.<\/p>\n A Lockheed Martin spokesperson told the Washington Post in November that the company works closely with each presidential administration.<\/p>\n \u201cWe maintain strong working relationships with every administration to ensure our armed forces and allies are equipped with the most advanced technologies to deter and defeat evolving threats,\u201d the spokesperson told the newspaper.<\/p>\n The June boom in military contracts comes after an agreement between the defense contractor and about 5,000 of the company\u2019s International Association of Machinists and Aerospace Workers District 776. The new contract<\/a> includes wage increases between 4% and 6%, increased vacation time, no mandatory overtime schedules, a $6,000 bonus and improvements to retirement benefits.<\/p>\n The agreement comes on the heels of Lockheed Martin\u2019s record-breaking 2025. The company assembled 191 F-35 aircraft<\/a> at its plant at Naval Air Station Joint Reserve Base Fort Worth.<\/p>\n The F-35 program supports more than 254,000 jobs through 1,800 suppliers across 48 states and Puerto Rico.<\/p>\n On June 17, Lockheed Martin celebrated the 75th anniversary<\/a> of its Marietta, Georgia, facility that makes the C-130 Hercules aircraft \u2014 the longest continuously running military aircraft production line in history.<\/p>\n \u201cWe honor a legacy built on excellence, commitment, community and innovation while looking toward the next 75 years of developing and delivering capabilities that matter,\u201d said O.J. Sanchez Jr., president of Fort Worth-based Lockheed Martin Aeronautics Co.<\/p>\n Missile, aircraft work<\/p>\n Earlier this month, Lockheed Martin and its aeronautics division were awarded a $154 million contract modification on a previously awarded F-35 contract to produce aircraft for foreign military customers.<\/p>\n Most of the work \u2014 59% \u2014 will be performed in Fort Worth with additional work to be completed in other locations. Work is expected to be completed by December 2030.<\/p>\n The Fort Worth workers will also participate in a separate $525 million military contract awarded June 12 to Connecticut-based Sikorsky Aircraft Corp., a Lockheed Martin company.<\/p>\n That contract calls for highly specialized engineering, integration and flight-test support for the development and modernization of the Y\/CH-53K Heavy Lift Helicopter program.<\/p>\n Only about 5% of the helicopter work will be completed in Fort Worth.<\/p>\n In Grand Prairie, Lockheed Martin workers are increasing production capacity of Precision Strike Missiles.<\/p>\n That facility was awarded an $8.4 million contract modification on June 23 for missile production, development and management through fiscal year 2032. The modification brings the total cumulative face value of the contract to $13.3 million. The expected completion date is September 2032.<\/p>\n Lockheed Martin\u2019s other divisions also won significant military contracts.<\/p>\n The company\u2019s Virginia-based rotary and mission systems was awarded a $223 million contract modification for engineering design, development and production support for missile systems.<\/p>\n Colorado-based Lockheed Martin Space was awarded an $83 million contract modification for assembled missiles by the Strategic Systems Programs of Washington, D.C. That work will be completed by June 2029.<\/p>\n The U.S. Space Force awarded the defense contractor a $514 million contract to build Global Positioning System<\/a> IIIF Space Vehicles 23 and 24. Lockheed Martin is building 32 satellites for the system.<\/p>\n On June 17, Lockheed Martin was among the companies named by the Air Force for the Collaborative Combat Aircraft program, which will include aircraft and mission autonomy software to advance combat capabilities.<\/p>\n The six-year contract will provide the framework for continuous competition and rapid software development, officials said.<\/p>\n Another big contract will increase work at Lockheed Martin\u2019s new Alabama-based Munitions Production Center.<\/p>\n Officials announced Thursday that the company\u2019s Dallas-based missiles and fire control division was awarded a seven-year contract worth up to $35 billion<\/a> to quadruple production of Terminal High Altitude Area Defense interceptors. That system is used to target short- to intermediate-range ballistic missiles.<\/p>\n Eric E. Garcia is senior business reporter at the Fort Worth Report. Contact him at eric.garcia@fortworthreport.org<\/a>.<\/p>\n![\"\"](\"https:\/\/fortworthreport.org\/wp-content\/uploads\/2023\/09\/Lockheed-1024x683.jpg\")
The Lockheed Martin F-35 fighter jet assembly plant is located in Fort Worth. (Courtesy | Lockheed Martin) <\/p>\n![\"\"](\"https:\/\/fortworthreport.org\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-24-at-1.30.05-PM-e1771962272999-1024x526.png\")
A diagram shows how the PAC-3 MSE missile system works in conjunction with radar controls. (Courtesy | Lockheed Martin Corp.)<\/p>\n