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Lockheed Martin snags $5 billion US Army missile contract
LMTLockheed Martin(LMT) Fox Business·2025-04-02 01:46

Lockheed Martin announced Monday that the U.S. Army had awarded it a contract worth nearly 5billiontoproduceitsnextgenerationlongrangeprecisionstrikemissile.Thecontractisworthupto5 billion to produce its next-generation long- range precision strike missile. The contract is worth up to 4.94 billion and will see Lockheed Martin provide Precision Strike Missiles (PrSM) to the Army, which views the weaponry as the successor to the Army Tactical missile (ATACM). Though this PrSM contract is for the Army, the U.S. Marine Corps as well as the Australian Army have indicated they intend to acquire th ...