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 and RTX both raised dividends in 2026 and have strong defense backlogs and cash flow. Lockheed Martin provides a higher current dividend yield and a longer, uninterrupted history of dividend increases, making it more attractive for re...
Lockheed Martin delivered Germany's first F-35A Lightning II fighter jet in a ceremony held in Fort Worth, Texas, marking a major step for the German Air Force and NATO. The F-35A, known for its stealth, advanced sensors, and data integration, will e...
Lockheed Martin and GM Defense rapidly produced and delivered mission-critical components for the PAC-3 Missile Segment Enhancement (MSE) interceptor missile within 22 days after signing a contract. This fast turnaround highlights the strength of com...
Lockheed Martin has signed a framework agreement with the U.S. Department of War to accelerate production and delivery of the AIM-260 Joint Advanced Tactical Missile (JATM). This missile offers superior range and effectiveness against enemy air threa...
