Lockheed Martin Wins $694M US Air Force ARRW Hypersonic Contract
TROY – October 29, 2026 -- Lockheed Martin (NYSE: LMT) has won a $694 million U.S. Air Force contract to produce the Air-Launched Rapid Response Weapon (ARRW), a hypersonic missile integrated on the B-52 bomber.
The award follows years of joint development and testing between the company and the Air Force. ARRW is designed to travel at more than Mach 5 and engage targets from significant standoff ranges.
Lockheed Martin breaks ground on 47,000-square-foot ARRW production expansion in Alabama
The company began construction on an expansion of Building P-20 in Troy, Alabama, the same day. The addition of 47,000 square feet of production space will triple the facility's current production area. Lockheed Martin expects the project to create new jobs over the next four years, on top of almost 4,000 employees it already has in Alabama. The workforce will build ARRW using advanced manufacturing, robotics and digital technologies.