TROY – October 28, 2026 -- Lockheed Martin (NYSE: LMT) has won a $694 million U.S. Air Force contract to produce the Air-Launched Rapid Response Weapon (ARRW), a hypersonic missile integrated on the B-52 bomber.

The award follows years of joint development and testing between the company and the Air Force. ARRW is designed to travel at more than Mach 5 and engage targets from significant standoff ranges.