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On 6 May 2026 Lockheed Martin announced that Aeronautics president Greg Ulmer would retire and Skunk Works head Orlando "OJ" Sanchez Jr. would succeed him on 1 June.

The Missile Defense Agency awarded Lockheed Martin a seven-year contract worth up to $35 billion to quadruple production of THAAD interceptors, one of the first multiyear deals under the Department of War's Acquisition Transformation Strategy.

On 6 July 2026 Lockheed Martin signed a definitive agreement to acquire anti-submarine warfare specialist Ultra Maritime from Advent for US$3.45 billion.

Lockheed Martin reported second-quarter 2026 sales of $20.1 billion, up 11%, and earnings of $7.94 a share, took its backlog to a record $230 billion on $65 billion of new orders including a $35 billion THAAD contract, and raised its 2026 outlook.

The FY2027 application window for the NIH Extramural Loan Repayment Programs runs from 1 September to 19 November 2026, with the old six subcategories merged into clinical research, pediatric research and a renamed FOCUS track.

Lockheed Martin's third-quarter 2026 results are expected around 22 October 2026, the next release after July's record-backlog quarter; the company has not yet announced the date.