Lockheed Martin reportedly wins US Army missile contract worth up to $1.2 billion
The Economic Times reports the deal covers the Increment 2 variant of the Precision Strike Missile, following a successful test against moving maritime targets.
TLDR
The Economic Times reports that Lockheed Martin has secured a US Army contract worth up to $1.2 billion to produce the Increment 2 variant of its Precision Strike Missile. The report says the award follows a successful test against moving maritime targets and comes as Lockheed expands production capacity to 550 missiles annually amid rising demand for long-range strike weapons.
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