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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Supply disruptions ease, oil market bears “swiftly gather”: Brent put option bets surge to unprecedented levels
Oil traders are flocking to buy options, betting on a decline in Brent crude. As investors reposition after a sharp rise in oil prices over the past few trading sessions, bearish bets have surged to unprecedented levels.
Bridgford Foods VP Richard Eugene Bridgford acquires USD 2,054.5 in common shares
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Crypto prices
More
