Lockheed Martin Secures $1.2B Contract for Precision Strike Missile Increment 2 After Second Maritime Test
Why now
Thesis: $1.2B missile contract expands Lockheed munitions backlog
Catalyst to watch: Further defense contract awards
Main risk: Program delays or cost overruns
Why it matters
A $1.2B missile contract expands Lockheed's munitions backlog amid elevated defense demand.
Details
New PrSM demonstrates moving target engagement expanding the U.S. Army's mission set DALLAS, Sept. 21, 2026 /PRNewswire/ -- 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...
Sources
- prnewswire · 2026-09-21 21:39 UTC