Lockheed Martin Corporation After the meeting with the former president, he has promised a significant increase in the production of weapons Donald Trump and other defense industry leaders.
On Friday, Lockheed Martin announced that it had agreed to quadruple its weapons production, a decision it attributed to Trump’s leadership. The company began development a few months ago with the cooperation of the Secretary of War Pat Hegseth and Assistant Secretary Stephen Feinberg.
The announcement was made via X-Post, which featured an actual social media post by President Trump, in which he praised the CEOs of major defense manufacturing companies for their commitment to increasing production of “best-in-class” weapons.
We are committed to working with our industry partners to further strengthen the U.S. military’s unique capabilities with the world’s greatest weapons. We are moving fast, and we will deliver.
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Trump also revealed that development had begun three months prior to the meeting, with production facilities for these weapons already underway.
In a separate post, the defense and aerospace maker reiterated its commitment to enhance the capabilities of the US military with the world’s best munitions, demonstrating a sense of urgency and determination to deliver.
The announcement of accelerating the production of weapons comes at a time when America is involved in an active conflict with Iran along with Israel.
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Lockheed Martin is also aligned with Trump in other directions, such as a promise to remove anthropicof the Claude AI The tool, says it will follow the instructions of the President and the Ministry of Defense.
The defense contractor has a market capitalization of $154.56 billion and a 52-week trading range of $410.11 to $692.00.
Shares of LMT closed up 2.56% at $671.77 on Friday, up 35.15% so far this year.
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