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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.