Home / Business and Economy / Lockheed Martin Lands $1.2B Army Missile Contract
Lockheed Martin Lands $1.2B Army Missile Contract
22 Sep
Summary
- Lockheed Martin secured a major US Army contract.
- The deal is worth up to $1.2 billion.
- Production will focus on the Precision Strike Missile (PrSM) Increment 2.
Lockheed Martin announced on Monday, September 21st, that it has been awarded a contract by the US Army. This agreement has a potential value of up to $1.2 billion.
The contract specifically covers the production of the Increment 2 variant of the Precision Strike Missile (PrSM). This development signals a continued expansion of the US Army's long-range strike capabilities.
The PrSM is designed to engage targets at extended ranges, providing crucial support for ground forces. The Increment 2 variant is expected to offer enhanced features and performance over previous versions.
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