German lawmakers have approved the final and largest tranche of spending for the country’s purchase of the Israeli Arrow 3 anti-ballistic missile system.

Lockheed CFO Jay Malave said the defense prime is facing a "headwind" from new financial charges relating to a classified missile program.

The Medium-Range Air-Launched Cruise Missile (MALCM)—designated KEPD 350K-2—will weigh around 2,000 lb., with range of 250 mi.

The contract marks a continuation of the growing collaboration between KAI and European missile manufacturer MBDA.

Ukraine’s Operation Dragonfly—in the early morning of Oct. 17—used U.S.-supplied Army Tactical Missile System (ATACMS) to strike Russian airfields.

Germany is to base its one of its three planned Arrow 3 anti-ballistic missile batteries near Berlin, the Defense Ministry has announced.

Arms exports topped $17.3 billion for South Korea in 2022, smashing the previous yearly record of $7 billion, set in 2021.

Lockheed Martin’s Next Generation Interceptor (NGI) proposal has completed its digital all-up-round preliminary design review (PDR).