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Lockheed Martin CEO says U.S. Department of War needs long-term commercial contracts to unlock private investment and accelerate weapons output
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Lockheed Martin CEO says U.S. Department of War needs long-term commercial contracts to unlock private investment and accelerate weapons output
Speaking during Lockheed Martin’s second-quarter 2026 earnings call, Taiclet said new multiyear munitions framework agreements provide a template for changing the relationship between the U.S. government and its suppliers. The central issue, he said, is whether contractors have enough long-term certainty to commit capital ahead of formal procurement decisions. “We must embrace commercially inspired long-term enforceable agreements and contracts …
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