Lockheed Martin Secures $1.2B Contract For Precision Strike Missile Increment 2 After Second Maritime Test
LMT•Contract and program update
Sept. 22 (Reuters) - Lockheed Martin Corp (LMT.N) said it secured a $1.2 billion contract for Precision Strike Missile Increment 2 after a second maritime test.
- Additional PRSM Increment 2 flight tests are scheduled for 2027.
- Lockheed Martin said it is expanding capacity to quadruple PRSM production.
- PRSM Increment 2 adds a multimode seeker for moving land and maritime targets.
