https://www.live-feeds.com/feed/army-awards-lockheed-1-2b-contract-for-prsm-inc-2-systemContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/army-awards-lockheed-1-2b-contract-for-prsm-inc-2-systemhttps://www.live-feeds.com/feed/army-awards-lockheed-1-2b-contract-for-prsm-inc-2-system#u72322Thu, 17 Sep 2026 06:36:55 +0000The 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 mattersThe Precision Strike Missile provides the Army with long-range surface-to-surface capabilities. Increment 2