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US Pentagon announces massive defense contracts to boost production
ONE REPORT·Published ·Event date ·Main source · Business Times
Story essentials
US Department of Defense, Lockheed Martin, General Dynamics, Huntington Ingalls Industries
United States
July 29, 2026
Original reports
The US Department of Defense announced US$135 billion in new contracts to major defense firms.
Lockheed Martin secured a US$59 billion, seven-year deal for Patriot interceptors.
General Dynamics and Huntington Ingalls Industries received up to US$76.6 billion for nuclear submarine construction.
The move aims to replenish stockpiles amid the ongoing conflict in the Middle East.
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