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Lockheed Martin wins $1.2B U.S. Army contract for PrSM Increment 2 missiles targeting moving maritime targets.
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The U.S. Department of Defense signed a landmark framework agreement with Lockheed Martin to scale production of the AIM-260 Joint Advanced Tactical Missile (JATM), establishing multi-year procurement commitments. This agreement benefits the broader defense industrial base, including major contractors like Northrop Grumman, RTX, Boeing, and General Dynamics, which supply critical components for missile systems. Geopolitical tensions and global weapon stockpile depletion are driving sustained demand for U.S. missile manufacturing, making defense-focused ETFs attractive for diversified exposure.
U.S. stock futures were mixed on Tuesday, as the Dow Jones and S&P 500 indices rose and the Nasdaq 100 index fell.
New PrSM demonstrates moving target engagement expanding the U.S. Army's mission setDALLAS, Sept. 21, 2026 /PRNewswire/ -- The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite