BETHESDA, Md. - Lockheed Martin (NYSE:LMT) intercepted a Group 3 one-way attack test drone using a Joint-Air-to-Ground Missile launched from a GRIZZLY containerized launcher, the company said today in a press release statement.
The test marked the first time the company used this combination of systems to target a drone. The Sanctum Counter-Unmanned Aerial System battle manager and Fortem R-40 Radars detected, tracked and engaged the drone target.The successful demonstration comes as Lockheed Martin, with a market capitalization of $118 billion and annual revenue of $75 billion, continues to solidify its position as a prominent player in the Aerospace & Defense industry, according to InvestingPro analysis.
The integration of hardware-in-the-loop and live-fire testing was completed in under 45 days, according to the statement. The GRIZZLY launcher is built on existing prototype architecture and can be mounted on ground sites or maritime platforms.
The system uses wireless communication between radars, battle management and launcher components. The containerized launcher has an eight-round capacity and features toolless reload capability.
"The ability to integrate GRIZZLY’s proven launch architecture with Sanctum’s battle manager on an accelerated timeline demonstrates how Lockheed Martin is applying battlefield innovation and cross-program collaboration to rapidly deliver layered defense capabilities to the warfighter," said Randy Crites, vice president and general manager of Lockheed Martin Advanced Programs.
The JAGM missile uses a dual-mode seeker combining semi-active laser and millimeter wave technologies. The Sanctum system is designed to address Group 1-4 unmanned aerial vehicle threats.
"This test demonstrates a rapid, low-cost and modular point-defense solution that can be deployed on land or maritime platforms within days," said Paul Lemmo, vice president and general manager of Lockheed Martin Sensors, Effectors and Mission Systems.InvestingPro data suggests the stock is currently undervalued relative to its Fair Value, trading at $513. For deeper insights, investors can access one of 1,400+ comprehensive Pro Research Reports available for top US equities.
The system can operate as a standalone unit or integrate with command and control systems through the Sanctum mesh network, according to the company.
In other recent news, Lockheed Martin Corp. has made significant strides in both facility expansion and securing military contracts. The company inaugurated an 88,000-square-foot missile assembly facility in Courtland, Alabama, which will produce the Next Generation Interceptor for the Missile Defense Agency. This facility, known as Missile Assembly Building 5, employs digital manufacturing tools and automated workflows. Additionally, Lockheed Martin has been awarded military contracts totaling approximately $495.6 million. These contracts include a $200.8 million agreement to provide training support and logistics services to U.S. allies and a $100.5 million order for F-35 aircraft components.
Furthermore, S&P Global Ratings has revised Lockheed Martin’s outlook to positive from stable, citing strong demand for defense products. The firm forecasts revenue growth of 4% to 5% in 2026 and 2027, driven by demand for F-35 jets and other defense systems. Lockheed Martin’s order backlog stands at approximately $186 billion, representing about two years of revenue. These developments indicate a robust period for the company, with promising prospects in the defense sector.
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