Lockheed Martin Corporation (NYSE:LMT) has committed to a significant increase in munitions production, following a meeting with former President Donald Trump and other defense industry leaders.
On Friday, Lockheed Martin announced that it has agreed to quadruple its munitions production, attributing the decision to Trump’s leadership. The company initiated the expansion several months ago, in collaboration with Secretary of War Pete Hegseth and Deputy Secretary Stephen Feinberg.
The announcement was made via an X post highlighting President Trump’s Truth Social post, in which he praised the CEOs of major defense manufacturing companies for their commitment to increasing the production of “Exquisite Class” weaponry.
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