South Korea develops domestic VTOL drone, buys MH-60R Seahawks

Lockheed Martin received a $1.2B contract for the PrSM Increment 2 missile system, according to the Defense Department. The system, designed to hit moving maritime targets, will be developed by 2031. Lockheed's bid was the only one solicited and received. The Army has used PrSM Increment 1 in combat and is planning future increments with enhanced capabilities.

Lockheed Martin (LMT) secured a $1.21B contract from the U.S. Army for the Precision Strike Missile Increment 2 program. The deal, running through 2031, covers the early operational phase. The contract is structured as cost-plus-fixed-fee and firm-fixed-price, with work locations and funding determined per order. The missile system is designed for long-range precision strikes and future upgrades.

Lockheed Martin (LMT) received a $1.21 billion contract from the U.S. Army for missile development. The contract includes cost-plus-fixed-fee and firm-fixed-price components, with work expected to be completed by September 13, 2031. Specific work locations and funding will be determined per order.

Lockheed Martin (LMT) secured a $1.21B U.S. Army contract, boosting its defense sector standing. The company offers a 2.62% dividend yield, a 50% payout ratio, and 5.4% 3-year dividend growth. Its GF Value™ suggests a 6.0% undervaluation, with a GF Score™ of 80/100. Insider activity shows net selling, while institutional confidence remains strong.

The U.S. Department of War awarded Lockheed Martin a $257.3M contract to produce and support MK 48 MOD 7 torpedoes for the U.S., Australia, and the UK. The contract, spanning until 2029, covers production, spare parts, and engineering support. The MK 48 MOD 7 is used in anti-submarine and anti-surface warfare missions and will equip Australian Collins-class and future AUKUS submarines.

Lockheed Martin (LMT) secured three defense contracts totaling $1.3B. The largest, $1.21B, is for Precision Strike Missile Increment 2. Another $97.64M contract covers Multiple Launch Rocket System recapitalization. A $13.17M modification increases a Joint Air-to-Surface Standoff Missile contract to $476.12M. Work spans 2025-2031.