Lockheed wins up to $1.2 billion US Army contract for Precision Strike Missile Increment 2
Bitget2026/09/21 21:40- 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.
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