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Lockheed Wins $1.2B US Army Missile Contract

September 22, 2026

1 min read

Key Takeaways

Lockheed Martin wins US Army missile contract worth up to $1.2 billion.
Contract is for the Increment 2 variant of the Precision Strike Missile (PrSM).
PrSM is designed to replace the Army Tactical Missile System (ATACMS).
Lockheed ramps up production amid rising demand for long-range strike weapons.

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Strategic Implications

This contract award may indicate the US Army's growing reliance on Lockheed Martin for advanced missile systems. The increased production capacity suggests a significant expansion of the Army's long-range strike capabilities, which could enhance its competitive position in future conflicts.

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What Happened

Defense Giant Secures Precision Strike Missile Deal

Lockheed Martin has secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM). The PrSM is designed to replace the Army Tactical Missile System (ATACMS) and has demonstrated its ability to engage moving maritime targets in a recent flight test. The contract comes as Lockheed ramps up production of the Precision Strike Missile amid rising demand for long-range strike weapons. The award was reported by Reuters.

Source | Originally Published: September 21, 2026

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