Lockheed Martin Secures $1.2B Army Contract To Produce Increment 2 Of The Precision Strike Missile

Lockheed Martin has been awarded a contract by the U.S. Army worth up to $1.2 billion for the production of Increment 2 of the Precision Strike Missile (PrSM). This contract, which is an indefinite delivery, indefinite quantity (IDIQ) agreement, enhances the U.S. Army's capabilities following a successful flight test that showcased the missile's effectiveness against moving maritime targets.