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Lockheed Martin (LMT) received a $1.2B IDIQ contract from the U.S. Army for Increment 2 of the Precision Strike Missile, following successful flight tests. The contract covers initial procurement, future orders, and continued development. Work will be performed at Lockheed Martin facilities. The company plans to scale production as the Army proceeds with larger procurements.

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.