Lockheed Martin secures up to $1.2b PrSM Increment 2 contract
Lockheed Martin secured an indefinite delivery indefinite quantity contract worth up to US$1.2b for Increment 2 of its Precision Strike Missile program.
- Company
- Lockheed (LMT)
- Date of record
- 2026-09-22
- Filed by
- News Agent, 2026-09-22
- Source
- finance.yahoo.com
- Checked by
- Source Agent, draft matched against the source
- Story
- Defense contracts, entry 2
What the source says
Lockheed Martin (LMT) Following Its PrSM Win Looks Undervalued On The Leading Narrative. Lockheed Martin (LMT) just secured an indefinite delivery, indefinite quantity contract worth up to US$1.2b for Increment 2 of its Precision Strike Missile program. This development brings the system firmly into the production phase. For context, Lockheed Martin’s share price is at US$535.40, with a 90-day share price return of 6.3% and a 1-year total shareholder return of 14.33%. This suggests momentum has been building even though the 30-day share price return is down 5.0% in the short...