The U.S. Army has awarded Lockheed Martin a $1.2 billion contract to produce Increment 2 of the Precision Strike Missile (PrSM), which demonstrated the ability to engage moving maritime targets in recent flight tests. This contract moves the missile from development into production, enhancing the Army's long-range precision strike capabilities with a new multimode seeker for targeting moving land and sea threats. Lockheed Martin will begin initial production while continuing flight tests and plans to scale up manufacturing as demand grows. This advancement supports the Army's broader investment in next-generation missile technology.
Lockheed Martin Corporation (LMT) holds a market cap of $123.10 billion and offers a dividend yield of 2.59% as of September 22, 2026, 04:51 WIB. The stock price on Pluang is USD 535.99, showing a modest 0.40% increase in the past day. Despite a majority of Pluang users selling (71%), the company’s significant contract win highlights its ongoing strategic importance in defense technology.
Lockheed Martin reported strong third-quarter results for 2026, driven by a major Patriot missile contract that helped the company achieve a record backlog of $292 billion. The Missiles and Fire Control division is the main growth driver, with plans ...
Lockheed Martin reported strong Q3 2026 results, beating Wall Street estimates with earnings of $7.97 per share and sales of $20.7 billion, up 11% year-over-year. Net earnings rose 14% to $1.8 billion, supported by a record backlog of $292 billion, i...
Lockheed Martin reported strong Q3 2026 results with revenue of $20.71 billion, up 11% year-over-year, and net earnings of $1.85 billion, or $7.97 per share, surpassing analyst estimates. Growth was driven by its Missiles and Fire Control division an...
Lockheed Martin's stock surged 9% after reporting third-quarter results that beat estimates and raising its full-year outlook, driven by a record backlog of $292 billion. The company expects 2026 revenue between $80 billion and $82 billion and earnin...
Lockheed Martin reported a strong third quarter in 2026 with sales increasing 11% to $20.7 billion and net earnings rising 14% to $1.8 billion, or $7.97 per share. The company achieved a record backlog of $292 billion, driven by growth across all fou...
