LMT · Earnings call · 2026Q3T · Full report
Missile Production Ramp Demand
LOCKHEED MARTIN CORP · 2026-10-22 · Importance 77 · Surprise 82 · In source text
Management said the Department of War is investing in quadrupling Precision Strike Missile production, and PrSM Increment 2 moved from flight tests to a $1.2 billion production contract in the same year. The award brings a maritime-strike capability to the Army sooner and accelerates the return from development work. Lockheed Martin also reported progress ahead of schedule on munitions production ramps, including strong MFC growth.
Key facts
- Lockheed Martin’s Precision Strike Missile Increment 2 advanced from flight tests in March and August 2026 to a $1.2 billion production contract within the same year.
- The Department of War is investing in quadrupling Precision Strike Missile production.
- Lockheed Martin signed a framework agreement with the Department of War to accelerate Joint Advanced Tactical Missile production ahead of a multi-year contract.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | The Department of War is investing in quadrupling Precision Strike Missile production. |
| revenue | positive | probable | — | Lockheed Martin signed a framework agreement with the Department of War to accelerate Joint Advanced Tactical Missile production ahead of… |