The funding will also support increased production of JMT components as Raytheon expands capacity for long-term defense demand.
The German defence group plans to offer the design first under a procurement campaign in North America.
The facility, named the “Arsenal of Freedom” building, is part of a wider expansion adding almost 1 million square feet of missile-production capacity.
BAE Systems plans to nearly double Eurofighter Typhoon production as it works through its existing backlog and prepares deliveries for Türkiye.
Trump described the advanced technology as “a hard thing to give away” during a Cabinet meeting at Camp David.
The UK government will invest £8.4 billion in the next phase of the Royal Navy’s Dreadnought-class submarine programme.
Defence added €7.207 billion to the backlog, making it the largest source of growth across the Spanish technology group.
Lockheed Martin expects annual F-35 production to remain at 156 aircraft, Chief Executive Jim Taiclet said.
Britain ordered the 72 artillery systems in May 2026 under a joint programme with Germany.
“Our Trusted Disruptor culture, underpinned by early and strategic investments and leveraging our commercial business model, continues to deliver results,” Chairman and CEO Christopher Kubasik said.
Construction of the first submarine, Dreadnought, continues at BAE Systems’ Barrow-in-Furness shipyard. Delivery to the Royal Navy is planned for the early 2030s.
The U.S. government has awarded Lockheed Martin up to $53.86 billion for PAC-3 Missile Segment Enhancement interceptors.
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