Company Focus 4 min read 3 June 2026 COMPANY FOCUS · LOCKHEED MARTIN

Lockheed Martin's May: F-35 Dominance, Global Expansion, and Combat System Advancements

Lockheed Martin maintains its dominance in global defense with significant F-35 developments, international expansion, and combat system breakthroughs.

Sources 57 primary documents
lockheed-martinf-35-lightning-iiintegrated-combat-systeminternational-defenseglobal-expansion

Aircraft Dominance: F-35 Lightning II

Lockheed Martin’s crown jewel, the F-35 Lightning II, remained the centerpiece of its portfolio throughout May. With a whopping 27 mentions across various global defense platforms, the F-35 continued to dominate headlines and market shares.

Israel Boosts Air Power with Additional F-35 Squadrons In a significant development, Israel announced plans to acquire two more squadrons of F-35I Adir fighter jets. The deal, valued at tens of billions of NIS, includes sustainment and logistics support (Story 2). This acquisition will bring Israel’s total F-35 fleet to an impressive 100 planes, making it one of the largest users of this advanced stealth aircraft.

F-35B Spearheads Future Vertical Lift Capabilities The F-35B variant took center stage with the successful first flight of MBDA SPEAR on an F-35B test jet (Story 4). This collaborative effort between multiple organizations demonstrates the versatility and lethality of the F-35B, further cementing its role as a cornerstone of future vertical lift capabilities.

Lockheed Martin’s commitment to advancing U.S. naval warfare was evident in its delivery of the first integrated combat system-enabled baseline (Story 7). This significant milestone ensures that the U.S. Navy surface fleet stays at the forefront of naval warfare, with a six-month operating cadence for updates and certifications.

Global Reach: International Contracts & Partnerships

Lockheed Martin’s global influence expanded across various international defense markets in May.

Israel

  • Acquisition of additional F-35I Adir squadrons (Story 2)
  • F-15IA fighter jet acquisition (Story 2)

South Korea

  • Potential sale of MH-60R Seahawk helicopters and AH-64E Apache upgrades (Story 1)
  • Sustainment deals for India’s howitzers and Apaches (Story 1)

Australia

  • Five-year F-35 maintenance contract worth $68 million (Story 9 & 12)
  • Boosting Growler capabilities with next-gen jammer pods (Story 10)

May at a Glance

DomainStory CountStandout Development
Aircraft32Israel acquires two more F-35 squadrons
Naval7First ICS-enabled baseline delivered to U.S. Navy
International10Global expansion in Israel, South Korea, and Australia

Deal Snapshot

ProgrammeValue (USD)CustomerTechnology
F-35 Lightning II$9B+Israel, U.S., AustraliaStealth fighter jet
Integrated Combat SystemN/AU.S. NavyNaval warfare advancements
MH-60R Seahawk$4.2BSouth KoreaMilitary helicopter
F-15IA Fighter JetTens of billions NISIsraelAir superiority
F-35 Maintenance Contracts$135M+AustraliaStealth fighter jet sustainment

What Else Moved:

  • Army Advancements: The U.S. Army received its first batch of lightweight Javelin launchers (Story 14), replacing older, heavier command units and improving target detection range.
  • Engine Development: Hanwha will help develop a new engine for the loyal wingman program (Story 20).
  • THAAD Expansion: A new Lockheed Martin facility supports accelerated production of THAAD interceptors, with a deal valued at $9 billion (Story 18).