On March 12 2026, Lockheed Martin completed the delivery of a second shipment of Aegis‑system‑equipped vessel shipsets and AN/SPY‑7(V)1 radar equipment to the Japan Ministry of Defense. The shipment is part of a long‑term contract that underpins Japan’s naval modernization and the expansion of its Aegis air‑defense capabilities.
The delivery adds to Lockheed’s record $194 billion backlog, a key driver of the company’s multi‑year revenue stream. The contract, which includes a $52.3 million modification awarded in December 2025 for initial outfitting and spares, demonstrates Lockheed’s continued role as a prime supplier for Japan’s advanced naval systems. The Aegis shipsets and radar are produced under the company’s Rotary and Mission Systems (RMS) segment, which specializes in naval combat systems, rather than the Aeronautics or Missiles & Fire Control segments highlighted in the original article.
Chief technology officer Chandra Marshall said, “The successful on‑time delivery of all equipment for the second ASEV shipment showcases the speed at which we are delivering to our customers in Japan, while demonstrating the maturity and scalability of the SPY‑7 radar.” The AN/SPY‑7(V)1 radar is a solid‑state phased‑array system that provides high‑precision detection and tracking of ballistic and cruise missiles, and it is also being supplied to Canada and Spain.
The delivery is scheduled for integration and testing in Japan’s fiscal year 2027 and 2028, aligning with the country’s shipbuilding timetable. The shipment reinforces Lockheed’s strategic positioning in the Asia‑Pacific defense market, where geopolitical tensions with North Korea and China are driving increased demand for advanced air‑defense platforms.
Lockheed’s stock has rallied in early 2026, reaching an all‑time high of $676.70 on March 2 2026, driven by record backlog growth, ramped missile production, and heightened geopolitical tensions. The delivery adds further confidence to the company’s long‑term earnings prospects, as it expands the scope of a high‑value, multi‑year program that underpins future revenue and profitability.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.