Military Aircraft Procurement Missile Systems & Strategic Weapons Defense Industry & Major Contractors

Lockheed Martin wins up to $1.2 billion U.S. Army contract to produce PrSM Increment 2

Lockheed Martin will move the Precision Strike Missile’s Increment 2 variant into production under a U.S. Army contract valued at up to $1.2 billion. The award follows two flight tests and advances the missile’s maritime-strike capability while supporting a planned fourfold expansion in production.

Discovered 2026-09-21T15:05:30.896305-07:00 | 2026-09-21T15:05:30.896305-07:00

Briefing

What Hype is tracking

The contract moves PrSM Increment 2 from flight testing into production, marking a significant procurement milestone for the U.S. Army.
The award is valued at up to $1.2 billion and supports a fourfold production expansion, providing visibility into future missile manufacturing demand.
The maritime-strike capability broadens the operational role of the PrSM beyond its core precision-strike mission.

Reported By

Aviation Week Reuters Seeking Alpha defence-industry.eu