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● LIVE Updated 1h ago · 5 sources tracked

Army awards Lockheed $1.2B contract for PrSM Inc 2 system

The U.S. Army awarded Lockheed Martin a contract valued between $1.2 billion and $1.21 billion for the Precision Strike Missile (PrSM) Increment 2 system. This award is part of a larger series of defense contracts for the company totaling over $1.3 billion. Market reaction to the announcement included gains in Lockheed Martin stock, which remained near recent highs following the news. The PrSM program is designed to emphasize rapid delivery through proactive risk management.

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  • ✓ The U.S. Army awarded Lockheed Martin a contract for the Precision Strike Missile Increment 2 system.
  • ✓ The contract value is reported as $1.2 billion by multiple sources, with some citing $1.21 billion.
  • ✓ Lockheed Martin stock gained and held near recent highs following the contract award.
🛡️ Source Corroboration: 5 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Lockheed Martin secured a $1.2B to $1.21B contract for the PrSM Increment 2 system.

Live updates

  1. Army awards Lockheed Martin $1.2B contract for PrSM Increment 2

    The U.S. Army awarded Lockheed Martin a contract valued between $1.2 billion and $1.21 billion for the Precision Strike Missile (PrSM) Increment 2 system. This award is part of a larger series of defense contracts for the company totaling over $1.3 billion. Market reaction to the announcement included gains in Lockheed Martin stock, which remained near recent highs following the news. The PrSM program is designed to emphasize rapid delivery through proactive risk management.

    Why it matters

    The Precision Strike Missile provides the Army with long-range surface-to-surface capabilities. Increment 2 represents a specific phase of development to enhance the system's effectiveness. Rapid deployment of these assets is a priority for Army modernization.

    What is confirmed

    • The U.S. Army awarded Lockheed Martin a contract for the Precision Strike Missile Increment 2 system.
    • The contract value is reported as $1.2 billion by multiple sources, with some citing $1.21 billion.
    • Lockheed Martin stock gained and held near recent highs following the contract award.

    What to watch next

    • Delivery timelines for the Increment 2 system
    • Integration of PrSM Increment 2 into active Army units
    Sources used for this update (6)
    1. Breaking Defense — Army awards Lockheed $1.2B contract for PrSM Inc 2 system
    2. executivebiz.com — Lockheed Martin Wins $1.2B Army Contract for Precision Strike Missile Increment 2
    3. Investing.com India — Lockheed Martin wins three defense contracts worth over $1.3bn By Investing.com
    4. Ad-hoc-news.de — Lockheed Martin stock gains on $1.21 billion U.S. Army missile contract
    5. DVIDS — News - PrSM PROGRAM EXPEMPLIFIES RAPID DELIVERY THROUGH PROACTIVE RISK
    6. Ad-hoc-news.de — Lockheed Martin stock holds near recent highs after $1.21 billion missile contract
    confidence 95%
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