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Lockheed Martin lands $1.2B Army deal for PrSM missiles

Lockheed Martin Aeronautics Company facility in Fort Worth, TX, USA.

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  • Lockheed Martin (LMT) announced on Monday that it received an IDIQ contract worth up to $1.2B from the U.S. Army for the Precision Strike Missile (PrSM) Increment 2.
  • The contract covers initial production, future orders, follow-on production, and continued development of the missiles.
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