Editing Lockheed Martin (section)

=== 2020s ===
In January 2020, the [[Naval Sea Systems Command]] awarded Lockheed Martin with a $138 million contract related with the AEGIS Combat System Engineering Agent (CSEA). The LMT Rotary and Mission Systems (RMS) unit of the company is to develop, integrate, test, and deliver the AEGIS Advanced Capability Build (ACB) 20 integrated combat system. Martin will work on the AEGIS in New Jersey. The project is expected to be completed by December 2020.<ref>{{Cite web|url=https://finance.yahoo.com/news/lockheed-martin-wins-138m-navy-144702004.html|title=Lockheed Martin Wins $138M Navy Deal to Support AEGIS CSEA|website=finance.yahoo.com|date=January 3, 2020 }}</ref>

In January 2020, the Pentagon found at least 800 software defects in Lockheed Martin's F-35 fighter jets owned by the US Armed Forces during an annual review. The 2018 and 2019 reviews revealed a large number of defects as well.<ref>{{Cite web|url=https://www.newsy.com/stories/pentagon-finds-over-800-defects-in-lockheed-fighter-jets/|title=Pentagon Finds Over 800 Defects In Lockheed Fighter Jets|first=Terace|last=Garnier|website=Newsy|date=January 31, 2020|access-date=February 5, 2020|archive-date=October 25, 2020|archive-url=https://web.archive.org/web/20201025215207/https://www.newsy.com/stories/pentagon-finds-over-800-defects-in-lockheed-fighter-jets/|url-status=dead}}</ref>

In February 2020, Lockheed Martin acquired [[Vector Launch Inc]]'s satellite software technology GalacticSky for $4.25 million after a bankruptcy court received no bids by the February 21 deadline.<ref>{{Cite web |url=https://spacenews.com/lockheed-to-obtain-vector-satellite-assets/|title=Lockheed to obtain Vector satellite assets |date=February 24, 2020 |website=[[SpaceNews]] |language=en-US |access-date=February 25, 2020}}</ref><ref>{{Cite web|url=https://news.bloomberglaw.com/bankruptcy-law/lockheed-martin-buys-assets-from-bankrupt-startup-vector-launch|title=Lockheed Martin Buys Assets from Bankrupt Startup Vector Launch|website=[[Bloomberg Law]]}}</ref>

[[File:P20220503AS-1222 (52144401420).jpg|thumb|President [[Joe Biden]] at the Lockheed Martin Facility in [[Troy, Alabama]], May 3, 2022]]
On March 16, 2020, Lockheed Martin announced that [[James D. Taiclet]] would replace [[Marillyn Hewson]] as CEO, effective June 15.<ref>{{Cite press release |last=Martin |first=Lockheed |title=Lockheed Martin Elects James D. Taiclet as President and CEO |url=https://www.prnewswire.com/news-releases/lockheed-martin-elects-james-d-taiclet-as-president-and-ceo-301024734.html |access-date=2024-08-11 |website=www.prnewswire.com |language=en}}</ref> In January of 2021, Taiclet became chairman of the company as well.<ref>{{Cite web |url=https://www.bizjournals.com/washington/news/2021/01/29/taiclet-hewson-lockheed-martin.html |title=Taiclet adding chairman to his title at Lockheed Martin |date=January 29, 2021}}</ref>

Lockheed Martin was [[Chinese sanctions|sanctioned]] by the Chinese government in July 2020,<ref>{{Cite web |date=2020-07-14 |title=2020年7月14日外交部发言人赵立坚主持例行记者会 |trans-title=Foreign Ministry Spokesperson Zhao Lijian's Regular Press Conference on July 14, 2020 |url=https://www.fmprc.gov.cn/web/fyrbt_673021/jzhsl_673025/t1797678.shtml |archive-url=https://web.archive.org/web/20210110200741/https://www.fmprc.gov.cn/web/fyrbt_673021/jzhsl_673025/t1797678.shtml |archive-date=2021-01-10 |access-date=2021-08-29 |website=[[Ministry of Foreign Affairs (China)|Ministry of Foreign Affairs]] |publisher=}}</ref> October 2020,<ref name="2020-10-26">{{Cite web |date=2020-10-26 |title=2020年10月27日外交部发言人汪文斌主持例行记者会 |trans-title=Foreign Ministry Spokesperson Wang Wenbin's Regular Press Conference on October 27, 2020 |url=https://www.fmprc.gov.cn/web/wjdt_674879/fyrbt_674889/202010/t20201026_7816766.shtml |archive-url=https://web.archive.org/web/20220816095037/https://www.fmprc.gov.cn/web/wjdt_674879/fyrbt_674889/202010/t20201026_7816766.shtml |archive-date=2022-08-16 |access-date=2022-08-16 |website=[[Ministry of Foreign Affairs (China)|Ministry of Foreign Affairs]]}}</ref> and February 2023 due to arm sales to Taiwan.<ref name="新华网">{{Cite web |date=18 April 2023 |title=商务部回应不可靠实体清单实施有关问题 |trans-title=The Ministry of Commerce responded to questions about the implementation of the Unreliable Entity List |url=http://www.news.cn/2023-04/18/c_1129536032.htm |archive-url=https://web.archive.org/web/20230531084159/http://www.news.cn/2023-04/18/c_1129536032.htm |archive-date=2023-05-31 |access-date=2023-05-30 |website=[[Xinhua News Agency]]}}</ref>

On December 20, 2020, it was announced that Lockheed Martin would acquire [[Aerojet Rocketdyne Holdings]] for $4.4 billion.<ref>{{Cite news|url=https://www.bizjournals.com/washington/news/2020/12/20/lockheed-acquires-rocket-leader-aerojet-rocketdyne.html |title=Lockheed makes a solid rocket motor splash, buying Aerojet Rocketdyne for $4.4B |access-date=2020-12-21}}</ref> The acquisition was expected to close in first quarter of 2022.<ref>{{cite news|title=Lockheed predicts Aerojet acquisition will close next quarter|url=https://news.yahoo.com/lockheed-predicts-aerojet-acquisition-close-162701482.html|agency=[[Defense News]]|via=[[Yahoo! News]]|date=2021-10-26|access-date=2021-12-22}}</ref> On February 13, 2022, Lockheed abandoned the deal following regulatory disapproval.<ref>{{Cite web|title=Lockheed Scraps Aerojet Deal After FTC Takes Tough Merger Stance|url=https://www.msn.com/en-us/money/companies/lockheed-scraps-aerojet-deal-after-ftc-takes-tough-merger-stance/ar-AATOdpa|first=Julie |last=Johnsson |date=2022-02-13|website=MSN|language=en-US}}</ref><ref>{{Cite web|first1=Anirudh|last1=Saligrama|first2=Diane|last2=Bartz|title=Lockheed scraps $4.4 billion deal to buy Aerojet amid regulatory roadblocks|url=https://www.reuters.com/business/aerospace-defense/lockheed-martin-terminates-44-bln-deal-acquire-aerojet-rocketdyne-2022-02-13/|date=2022-02-13|work=[[Reuters]]|language=en-us}}</ref>

In 2022, during the [[Russian invasion of Ukraine]], major arms manufacturers, including Lockheed Martin,<ref>{{cite news |last1=McIntyre |first1=Douglas |title=Lockheed Martin Profits More From War Than Any Other Company on Earth |url=https://247wallst.com/special-report/2023/03/02/lockheed-martin-profits-more-from-war-than-any-other-company-on-earth/ |work=24/7 Wall St. |date=2 March 2023}}</ref> reported a sharp increase in interim sales and profits.<ref>{{cite news |last=Bedi |first=Rahul |title=Russia's Invasion of Ukraine Bodes Good Business for Arms Manufacturers Worldwide |url=https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |work=The Wire |date=28 February 2022 |archive-date=2 March 2022 |archive-url=https://web.archive.org/web/20220302060817/https://thewire.in/business/russia-ukraine-invasion-business-arms-manufacturers |url-status=live}}</ref><ref>{{cite news |title=Ukraine war: How weapons makers are profiting from the conflict |url=https://news.sky.com/story/ukraine-war-how-weapons-makers-are-profiting-from-the-conflict-12624574 |work=Sky News |date=10 June 2022}}</ref><ref>{{cite news |title=As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine |url=https://www.abc.net.au/news/2023-01-21/us-arms-industry-military-spending-profits-ukraine-war-russia/101843752 |work=ABC News |date=20 January 2023}}</ref>

In May 2023, Lockheed formed a new microelectronics subsidiary ForwardEdge ASIC to design custom [[application-specific integrated circuit]]s for its customers.<ref>{{Cite news |last=Kumar |first=Kavita |date=23 May 2023 |title=Lockheed Martin design center coming to St. Paul, bringing more than 100 jobs |url=https://www.startribune.com/lockheed-martin-design-center-coming-to-st-paul-bringing-more-than-100-jobs/600277215/ |work=[[Star Tribune]] |archive-url=https://web.archive.org/web/20230606091757/https://www.startribune.com/lockheed-martin-design-center-coming-to-st-paul-bringing-more-than-100-jobs/600277215/ |archive-date=6 June 2023 |url-status=live}}</ref><ref>{{Cite web |last=Fedor |first=Liz |date=24 May 2023 |title=Lockheed Martin Chooses St. Paul for a Business Expansion |url=https://tcbmag.com/lockheed-martin-chooses-st-paul-for-a-business-expansion/ |publisher=Twin Cities Business}}</ref>

In November 2023, attempts at [[Direct action]] were taken against arms companies in the United States and the United Kingdom, including Lockheed Martin,<ref>{{cite news |title=Lockheed Martin: Palestine protesters install blockade |url=https://www.bbc.com/news/uk-england-beds-bucks-herts-67519517 |work=[[BBC News]] |date=25 November 2023}}</ref><ref>{{cite news |title=Anti-war protesters block access to Lockheed Martin subsidiary in St. Paul |url=https://www.mprnews.org/story/2023/11/20/antiwar-protesters-block-access-to-lockheed-martin-subsidiary-in-st-paul |work=MPR News |date=10 November 2023}}</ref> that supplied weapons to [[Israel]] during the [[Gaza war]].<ref>{{cite news |title=Protesters Are Targeting Defense Contractors That Bragged About Profits from Gaza |url=https://www.vice.com/en/article/protesters-are-targeting-defense-contractors-that-bragged-about-profits-from-gaza/ |work=Vice |date=November 17, 2023}}</ref>

In March 2024, Lockheed Martin submitted a bid to acquire Terran Orbital.<ref>{{Cite web |last=Sheetz |first=Michael |date=2024-03-01 |title=Lockheed Martin looks to acquire spacecraft maker Terran Orbital for nearly $600 million |url=https://www.cnbc.com/2024/03/01/lockheed-martin-looks-to-acquire-terran-orbital-for-about-600-million.html |access-date=2024-03-04 |website=CNBC |language=en}}</ref>

On June 28, 2024, the U.S. Army awarded Lockheed Martin a $4.5 billion contract to supply Patriot Advanced Capability-3 (PAC-3) missiles. The contract included 870 PAC-3 MSE missiles and related hardware. Lockheed was tasked with manufacturing the newest version of these interceptors, with each PAC-3 MSE missile costing approximately $4 million, as per Army budget documents.<ref>{{cite news|title=US army awards Lockheed Martin $4.5 billion multi-year Patriot Missiles contract |date=28 June 2024 |url=https://www.reuters.com/business/aerospace-defense/us-army-awards-lockheed-martin-45-bln-contract-2024-06-28/ |access-date=1 July 2024}}</ref>

On October 9, 2024, Lockheed Martin announced the appointment of Chauncey McIntosh as vice president and general manager of the F-35 Lightning II Program, effective December 1, 2024. He succeeded Bridget Lauderdale, who retired after 38 years with the company.<ref>{{cite news|last=Stone |first=Mike |title=Lockheed names new F-35 fighter jet program leader |date=9 October 2024 |url=https://www.reuters.com/business/aerospace-defense/lockheed-names-new-f-35-fighter-jet-program-leader-2024-10-09/ |website=Reuters |access-date=13 October 2024}}</ref>

In December 2024, Lockheed Martin announced that it had formed a subsidiary, Astris AI, that would help U.S. defense companies to incorporate artificial intelligence into their operations.<ref>{{Cite news |date=December 16, 2024 |title=Lockheed forms subsidiary to help defense companies adopt AI |url=https://reuters.com/technology/artificial-intelligence/lockheed-forms-subsidiary-help-defense-companies-adopt-ai-2024-12-16/}}</ref>