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Lockheed Martin wins up to $1.2 billion to produce moving-target Precision Strike Missile variant

Lockheed Martin will enter production of the Precision Strike Missile Increment 2 after a successful test against moving maritime targets, under a U.S. Army indefinite-delivery/indefinite-quantity contract worth up to $1.2 billion. The agreement advances PrSM’s anti-ship and moving land-target capability while further flight testing continues.

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