Lockheed Martin wins US Army PrSM Increment 2 contract up to $1.2B
Lockheed Martin said the US Army contract is for the Increment 2 variant of the Precision Strike Missile (PrSM) and is worth up to $1.2 billion.
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Lockheed Martin wins US Army missile contract worth up to $1.2 billion
Lockheed Martin secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM). PrSM is the Army's next-generation long-range precision strike weapon, designed to replace the Army Tactical Missile System, or ATACMS.
LightPath Technologies reports Q4 and full-year 2026 results
LightPath Technologies said fiscal 2026 revenue rose 93% to $71.7 million, gross margin widened to 36%, and backlog increased 197% to $110.9 million. The company also said adjusted EBITDA improved to a $4.2 million profit and that it ended the year with $93.2 million in cash and no debt.