Lockheed Martin Secures $729M Swedish Contract for HIMARS Launchers
Sweden has agreed to purchase approximately ten HIMARS launchers from Lockheed Martin (LMT), along with ammunition, in a deal valued at around $729 million. Deliveries are expected to begin in 2027 and include cooperation between Lockheed Martin and Saab for domestic production of HIMARS ammunition in Sweden. This contract supports Sweden's efforts to enhance its long-range precision-fire capabilities as part of broader European defense initiatives, including closer collaboration with Finland on rocket artillery systems. For Lockheed Martin, the deal adds another international customer to its growing list of HIMARS users and reinforces the system’s role among U.S. allies seeking advanced military technology. The company has already delivered over 540 HIMARS units globally and is expanding production capacity. While financially significant, this contract represents a small portion of Lockheed's overall $193–$230 billion backlog and will not immediately impact near-term earnings due to delayed delivery schedules.
Tickers: $LMT
Topics: European defense cooperation HIMARS Lockheed Martin expansion Sweden defense deal