What Happened
Defense Giant Expands Government Contracts Amid Middle East Conflict
Lockheed Martin’s CEO, Jim Taiclet, has expressed optimism about the company’s growth prospects under the Trump administration, citing the government’s willingness to change and the demand for the company’s products. The company has expanded its contracts with the US government amid the conflict in the Middle East, including a $4.7bn contract for missile production and a $1.9bn contract for maintenance and training systems. Despite missing profit expectations, Lockheed Martin reported revenue of $18bn in the first quarter, according to The Guardian.