Lockheed Wins 1.2B Army Contract
Lockheed Martin secured a contract worth up to 1.2 billion dollars from the US Army to produce the Precision Strike Missile. The award follows a successful flight test and rising demand for long-range weapons.
Xurve View
Insights:
Xurve View
LOCKHEED MARTIN CORP secured a contract worth up to $1.2B from the United States Army on Monday morning to produce the Increment 2 variant of the Precision Strike Missile. The deal expands production of the next-generation weapon designed to replace the Army Tactical Missile System. The award follows a second successful flight test demonstrating the missile's ability to engage moving maritime targets.
