LMT · News · 20260922N
Precision Strike Missile Contract
LOCKHEED MARTIN CORP · 2026-09-22 · Importance 58 · Surprise 42 · In source text
Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion for Precision Strike Missile (PrSM) Increment 2. The missile is designed to attack moving land and maritime targets, expanding its mission set. Lockheed Martin plans to increase production and anticipates larger Army purchases as the program advances.
Key facts
- Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion for its Precision Strike Missile (PrSM) Increment 2. source
- Lockheed Martin plans to expand production of the Precision Strike Missile and expects larger purchases as the Army advances the program. source
- The Precision Strike Missile (PrSM) Increment 2 is designed to target moving land and maritime targets. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +2.5% | Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion for its Precision Strike Missile (PrSM) Increment 2. |