Lockheed Martin secures $1.2B IDIQ contract from U.S. Army

Lockheed Martin (LMT) unveiled the AIM-260 JATM missile, a next-gen air-to-air weapon, with a framework agreement for accelerated production. Australia committed $521M. LMT's Missiles and Fire Control segment saw 14% sales growth in 2025, with a $46.65B backlog. The company plans an $8B-$9B munitions production expansion.

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 U.S. Army contract for missile production. The company offers a 2.57% dividend yield, a 50% payout ratio, and a 5.4% 3-year dividend growth rate. GF Value™ suggests LMT is 5.1% undervalued, with a GF Score™ of 80. Institutional investors show confidence, while insiders have sold $4.0M in shares over the past year.

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 has secured a $1.2 billion contract from the US Army to upgrade the Precision Strike Missile system. The deal highlights the company's ongoing defense sector involvement and potential revenue growth.

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.