The deal formalizes a long-term commitment to the Precision Strike Missile Increment One program, covering both manufacturing and the management of Early Operational Capability assets. By extending the ordering period through fiscal year 2032, the Army ensures a steady pipeline for these munitions, which are central to modernizing land-based deep-strike infrastructure. Lockheed Martin expects to conclude all performance requirements under this modified agreement by September 30, 2032.
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Lockheed Martin Secures $8.4 Billion Army Missile Contract Boost
The U.S. Army has greenlit an $8.4 billion contract modification for Lockheed Martin, significantly expanding the production scope for the Precision Strike Missile program. This substantial funding increase pushes the total value of the agreement to $13.3 billion as the military ramps up its long-range strike capabilities through 2032.
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