Lockheed Martin executives said today that a new wave of long-term missile production "frameworks" with the Pentagon is reshaping how the Defense Department buys weapons, introducing commercial-style features designed to accelerate output while reducing financial risk for industry. Speaking during the company’s first-quarter earnings call, Lockheed CEO James Taiclet described the emerging arrangement as a departure from traditional defense contracting, pointing to seven-year deals that include inflation-based price adjustments, advance payments and provisions to protect contractors if government demand shifts...