Lockheed Martin Faces Challenges with Program-Related Charges, while Firestorm Labs Secures Funding for Innovative Drone Manufacturing

Lockheed Martin Corp. experiences a significant drop in second-quarter earnings due to program-related charges, but remains optimistic about its long-term growth prospects. On the other hand, San Diego-based Firestorm Labs secures a $47 million Series A round led by New Enterprise Associates to scale its distributed additive manufacturing technology for unmanned aerial systems. This investment will enable Firestorm to deliver battlefield-ready solutions faster and at scale, reducing production timelines and costs.