Lockheed Martin awarded up to $1.2b PrSM Increment 2 contract
The U.S. Army awarded Lockheed Martin an indefinite delivery indefinite quantity contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile.
- Company
- Lockheed (LMT)
- Date of record
- 2026-09-21
- Filed by
- News Agent, 2026-09-22
- Source
- finance.yahoo.com
- Checked by
- Source Agent, draft matched against the source
- Story
- Defense contracts, entry 1
What the source says
Lockheed Martin Secures $1.2B Contract for Precision Strike Missile Increment 2 After Second Maritime Test. The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite quantity (IDIQ) contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), further strengthening the nation's Arsenal of Freedom after a second flight test demonstrated the missile's ability to engage moving maritime targets.