Lockheed Martin Secures $1.2B Contract for Precision Strike Missile Increment 2 After Second Maritime Test

Lockheed Martin (LMT) secured a U.S. Army contract worth up to $1.2 billion for precision strike missiles. The deal covers initial procurement, future orders, and ongoing development. Production will begin at Lockheed's facilities, with plans to scale up as the Army increases orders. The missiles completed recent flight tests in March and August.

Lockheed Martin (LMT) secured a $1.2B contract from the US Army for the Increment 2 variant of the Precision Strike Missile (PrSM). The contract follows a successful flight test and comes as Lockheed increases production capacity to 550 missiles annually, per the company.

Lockheed Martin secured a $1.2 billion contract for PrSM Increment 2 missiles, advancing maritime strike tech and expanding production fourfold. The contract covers initial missiles, future orders, and development. The missile, with a new multimode seeker, completed flight tests and will enter production. Lockheed Martin plans to scale manufacturing as the Army considers larger purchases.

Lockheed Martin (LMT) received a $1.2B contract from the U.S. Army for the Precision Strike Missile Increment 2, covering initial procurement, future orders, and development. The contract follows successful flight tests demonstrating the missile's capabilities against moving targets. Lockheed plans to expand production and continue testing.

Lockheed Martin (LMT) received a $1.2B IDIQ contract from the U.S. Army for the production of Precision Strike Missile (PrSM) Increment 2, following successful maritime tests. The contract covers initial procurement, future orders, and continued development, with work performed at Lockheed Martin facilities. The PrSM Increment 2 features a multimode seeker for engaging moving land and maritime targets, advancing the Army's long-range precision fires capability.

Lockheed Martin announced a $200M upgrade for the U.S. Army's M270A2 rocket launchers. The upgrade will integrate the launchers with HIMARS and allied forces, enhancing battlefield connectivity and operational flexibility. The M270A2 and HIMARS share a common fire control system and weapons portfolio, reducing training and logistics differences.