The California hypersonic missile startup is increasing its overall capital war chest to $464.5 million since emerging from stealth mode nearly two years ago.
The long-duopolistic solid rocket motor market dominated by Northrop Grumman and Aerojet Rocketdyne is transforming into a competitive multiplayer industry.
Lockheed Martin is seeing growing interest in its Long-Range Discrimination Radar (LRDR) to provide a 360-deg. field of vision for air and missile defense.
As the U.S. accelerates efforts to return humans to the Moon, Lockheed Martin is advancing softgoods technology to support the development of a lunar economy.
Avio, a space propulsion specialist, will build a solid rocket motor factory in the United States that will supply both RTX’s Raytheon and Lockheed Martin.