Lockheed Clinches a $59M Contract for Precision Strike Missile [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
LMT recently secured a modification contract for the Precision Strike Missile (PrSM). The deal has been given by the Army Contracting Command, Redstone Arsenal, AL. Valued at $59.2 million, the contract is expected to be completed by Sept. 30, 2027. The work related to this contract will be executed in Grand Prairie, TX. A Note on LMT's Precision Strike Missile Lockheed's PrSM is a long-range missile designed for the U.S. Army capable of neutralizing targets beyond 310 miles. This new surface-to-surface weapon system provides expanded capabilities for attacking, neutralizing, suppressing and destroying targets using missile-delivered indirect fire out. PrSM increases the Joint Force Commander's range, lethality, survivability and missile loadout. Such notable features of LMT's aforementioned missile are likely to have boosted demand, further evident from the latest contract win. What's Lies Ahead for Lockheed? Rapidly increasing geopolitical tensions worldwide and heighten
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LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 12/20/24 - Form 144
- 12/11/24 - Form 8-K
- 12/11/24 - Form 8-K
- LMT's page on the SEC website