Castelion

Robotics & Defense

The Army invites second builders for Lockheed Martin's $4.9 billion missile contract; replies due October 30

The Army opened bidding on Lockheed Martin's own missile, with responses due October 30, after the Iran war gutted US missile stocks. The bottleneck is not factories but the intellectual property Lozano calls "the keys to the kingdom".

October 20, 2026 · 3 min read

Robotics & Defense

Mach Industries unveils Pike, its 1,000-mile missile, as the Army pays Lockheed $1.2 billion

Mach Industries' Precision Strike Missile Increment 4 entry is Pike, a manufacturability-first munition set against Lockheed's ramjet. The fly-off starts in fiscal 2027, and until then the Army keeps paying the incumbent.

October 19, 2026 · 3 min read

Robotics & Defense

JPMorgan put $5 billion into defense startups, and one, Castelion, is challenging Lockheed's missile

JPMorgan put $5 billion of equity into defense and manufacturing startups in the first year of its security-and-resiliency initiative, and one disclosed stake, Castelion, is in the five-firm contest to build the Army's next long-range missile. The number it can move is the missile incumbents' premium.

October 19, 2026 · 4 min read

Secondary market

Latest on Castelion

The Navy pays about $450,000 a round for Castelion's hypersonic missile against a $13 billion mark

The Army invites second builders for Lockheed Martin's $4.9 billion missile contract; replies due October 30

Mach Industries unveils Pike, its 1,000-mile missile, as the Army pays Lockheed $1.2 billion

JPMorgan put $5 billion into defense startups, and one, Castelion, is challenging Lockheed's missile

Also mentioned in

Lockheed Martin answers Mach Industries' 1,000-mile missile with a ramjet and a $300 million production line