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The Economic Times

Top News / The Economic Times

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Lockheed Martin gets $35 billion US deal to boost THAAD production

President Trump is convening with top defense executives to accelerate weapons production, addressing depleted U.S. stockpiles after extensive military operations. The White House is pushing for increased output of critical air-defense and precision-guided munitions. Recent Pentagon deals aim to significantly boost production of interceptors and cruise missiles, though industry leaders await congressional funding to fully commit to expansion.

25 Jun 2026 7:44 am