Rising military conflicts, terrorism and border disputes have pushed nations to prioritize national security, especially by enhancing their defense capabilities. This has driven defense companies to join forces through partnerships and joint ventures to create innovative products like advanced fighter jets and hybrid aircraft. By combining resources and expertise, these companies can develop solutions with improved speed, agility and combat efficiency to meet the growing complexity of modern warfare. Other defense companies that are entering into partnerships and joint ventures are discussed below. Lockheed Martin Corporation ( LMT - Free Report ) : In September 2024, Lockheed Martin and Tata Advanced Systems Limited entered into a teaming agreement to expand upon the companies' business relationship through the C-130J Super Hercules tactical airlifter.