DALLAS, Sept. 21, 2026 /PRNewswire/ -- The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite quantity (IDIQ) contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), further strengthening the nation's Arsenal of Freedom after a second flight test demonstrated the missile's ability to engage moving maritime targets. https://news.lockheedmartin.com/2026-09-21-Lockheed-Martin-Secures-1-2B-Contract-for-Precision-Strike-Missile-Increment-2-After-Second-Maritime-Test