Lockheed Martin (LMT) has been chosen by the U.S. Space Force Space Systems Command to develop capabilities supporting the Space-Based Interceptor (SBI) program. This milestone marks significant progress toward fielding core elements of an integrated, layered homeland defense solution, the company said.
The initiative will accelerate the development, testing, and integration of SBI technologies, delivering an early engagement layer designed to expand coverage, enhance survivability, and strengthen deterrence against emerging missile threats.
LMT closed Friday's regular trading at $512.77 down $5.20 or 1.00%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.