Lockheed Martin seeks domestic fighter metal supply amid China export controls

Lockheed Martin is pursuing strategies to secure domestic sources for critical metals needed in fighter aircraft production, driven by concerns over Chinese export controls. The company has entered into a non-binding memorandum of understanding with NioCorp Developments regarding the potential acquisition of scandium. Scandium is a key component utilized in advanced alloys essential for strengthening and improving the performance of fighter jets. This initiative aims to reduce reliance on foreign suppliers, particularly China, which currently dominates global scandium production. Lockheed Martin’s move reflects broader efforts within the aerospace industry to diversify supply chains and bolster national defense capabilities.