Lockheed Plans to Double Production of Antitank Missiles Used in Ukraine

Lockheed Martin, the biggest U.S. defense contractor, plans to increase production of the Javelin missiles used by Ukraine to fight Russia, Chief Executive James Taiclet said Sunday. Lockheed (ticker: LMT) will lift output to 4,000 a year from the current 2,100, he told CBS News. The announcement comes as Russian President Vladimir Putin celebrates Victory Day, the anniversary of Germany’s surrender in World War II. Putin linked the Soviet Union’s victory more than 70 years ago to his current invasion of his neighbor in a speech, raising speculation he will further intensify the conflict.