Lockheed secures a US Army missile contract worth up to $1.2 billion.
The award covers production of the Increment 2 Precision Strike Missile variant following a second flight test against a moving maritime target.
By TomorrowNews · AI-assisted briefing · Briefing published 22 September 2026
AI-generated illustration — not a photograph of the event. Conceptual precision-missile manufacturing and inspection; not a Lockheed product or facility. · TomorrowNews / AI-generated illustration
Lockheed Martin said the US Army awarded it a contract worth up to $1.2 billion to produce the Increment 2 variant of the Precision Strike Missile, the service's next-generation long-range system intended to replace ATACMS.
The company said the award followed a second successful flight test demonstrating engagement of a moving maritime target. Lockheed is also increasing PrSM output under a separate seven-year agreement that targets annual production capacity of 550 missiles.
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