Lockheed Martin: Secures $1.2B Contract For Precision Strike Missile Increment 2

Lockheed Martin won a U.S. Army IDIQ contract worth up to USD 1.2 billion to produce Precision Strike Missile Increment 2. Award covers initial procurement, follow-on production, future orders, continued development for the next-generation long-range precision fires program. Contract follows a second flight test showing the missile can engage moving maritime targets, expanding the Army’s long-range strike options. Lockheed plans to start initial Increment 2 production while continuing flight testing; additional tests are scheduled for 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lockheed Martin Corporation published the original content used to generate this news brief via (Ref. ID: 202609211739PR_NEWS_USPR_____FL53185) on September 21, 2026, and is solely responsible for the information contained therein. (C)