As defense budgets swell among Western governments while the war in Ukraine rages on, major defense contractors are seeing profits surge, with two of them just announcing increases in their dividends.

DALLAS, Texas. Lockheed Martin has won a $158 million contract from the U.S. Army to produce early operational capability (EOC) Precision Strike Missiles (PrSM), the second production contract received to date for the program, the company announced in a statement.

SAN DIEGO. General Atomics Aeronautical Systems, Inc. (GA-ASI) used a company-owned Avenger MQ-20A unmanned aircraft system (UAS) to fly a military aircraft using an artificial intelligence (AI) pilot and an open architecture-based sensor system. 

MANASSAS, Va. Lockheed Martin Rotary and Mission Systems has won $54 million cost-plus-incentive-fee modification to a previously awarded contract to exercise options for engineering services and other direct costs in support of the U.S. Navy's Integrated Submarine Imaging System (ISIS).

WASHINGTON. The U.S. Army asked General Dynamics and Lockheed Martin to develop ground-based extended-range electronic warfare (EW) concepts for the first phase of a project called Terrestrial Layer System--Echelons Above Brigade, a planned Army system intended to enable integrated signals intelligence (SIGINT), EW, and cyber capabilities for large-scale combat operations. 

SAN DIEGO, California. Lockheed Martin has delivered a multi-mission laser weapon system to the U.S. Navy that is intended to provide directed energy capability to certain ships, the company announced in a statement.

NASHUA, N.H. BAE Systems Electronic Systems group won a contract from Lockheed Martin to design and manufacture next-generation infrared (IR) seeker technology for the Terminal High Altitude Area Defense (THAAD) interceptor missile, a U.S. anti-ballistic-missile defense system that was designed to shoot down short-, medium-, and intermediate-range ballistic missiles in their descent or reentry phase.