Business
Lockheed Martin Answers the Nation's Call and Quadruples Precision Strike Missile Production
In a decisive move to guarantee American overmatch against any adversary, Lockheed Martin (NYSE: LMT) and the Department of War (DoW) announced a framework agreement to accelerate the production of Precision Strike Missiles (PrSM). The agreement builds on a previous $4.94 billion contract award from the U.S. Army last year and together, these actions will quadruple PrSM production capacity.
About this update from Lockheed Martin Corporation
[{"type":"text","content":"New agreement between Lockheed Martin and the Department of War ensures joint forces have the military advantage they need","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, March 25, 2026 /PRNewswire/ -- In a decisive move to guarantee American overmatch against any adversary, Lockheed Martin (NYSE: LMT) and the Department of War (DoW) announced a framework agreement to accelerate the production of Precision Strike Missiles (PrSM). The agreement builds on a previous $4.94 billion contract award from the U.S. Army last year and together, these actions will quadruple PrSM production capacity.","length":437,"tagName":"p"},{"type":"image","alt":"Lockheed Martin Answers the Nation’s Call and Quadruples Precision Strike Missile Production","displaySize":"","headline":null,"caption":"Lockheed Martin Answers the Nation’s Call and Quadruples Precision Strike Missile Production","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":234,"url":"https://media.zenfs.com/en/prnewswire.com/e2e3c6fce2131692d58c3e2463461178"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/k7XFX6jHz.TSsdaDArJckQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxMg--/https://media.zenfs.com/en/prnewswire.com/e2e3c6fce2131692d58c3e2463461178","width":400,"height":234}},"href":"https://mma.prnewswire.com/media/2941787/Lockheed_PrSM_Munitions_Acceleration_Agreement.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Lockheed Martin is mobilizing the full might of its industrial and technological power to build the Arsenal of Freedom by dramatically accelerating production of this critical munition, leveraging next-generation technologies to build faster and better.","length":253,"tagName":"p"},{"type":"text","content":"This initiative directly supports the national imperative to build a more lethal, resilient and ready fighting force, backed by a stronger, advanced industrial base. The agreement includes the ability to negotiate a multi-year contract up to seven years, should Congress grant multi-year authority, contingent upon future congressional authorization.","length":350,"tagName":"p"},{"type":"text","content":"The agreement marks the latest commitment Lockheed Martin has made to expand and strengthen the Arsenal of Freedom, creating high-paying, highly skilled jobs that will secure...