11:32 AM EDT, 04/21/2026 (MT Newswires) -- Lockheed Martin ( LMT ) said Tuesday it has been awarded a US Navy contract to develop and integrate its PAC-3 Missile Segment Enhancement into the Aegis Combat System, marking its first integration of the system into a naval platform.

The program is designed to enhance the Navy's integrated air and missile defense capabilities, enabling warships to engage a broader range of threats, including ballistic, cruise, and emerging hypersonic missiles, the company said.

Shares of Lockheed Martin ( LMT ) were down 2.1% in Tuesday trading.

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