Lockheed Martin, Avio Collaborate on Solid Rocket Motor Production

02:11 PM EDT, 10/13/2026 (MT Newswires) -- Lockheed Martin (LMT) has entered into a strategic cooperation agreement with aerospace firm Avio USA for the production of solid rocket motors, the companies said Tuesday. The collaboration will initially focus on solid rocket motors for the Extended Range GMLRS and the Precision Strike Missile programs, to be produced at Avio's new facility in Hurt, Virginia, according to a statement. Financial terms of the collaboration were not disclosed. Price: 505.72, Change: -6.16, Percent Change: -1.20