Lockheed Martin reportedly wins US Army missile contract worth up to $1.2 billion

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.