The agreement is structured as a cost-plus-fixed-fee and firm-fixed-price arrangement, allowing for indefinite delivery and quantity. This flexible framework enables the Army to manage production and deployment requirements as the program evolves. While the specific financial breakdown and production sites for individual orders remain pending, the project timeline is firmly set, with completion expected by September 13, 2031.
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Lockheed Martin Secures $1.2 Billion Army Missile Contract
The U.S. Army has awarded Lockheed Martin a $1.21 billion contract to accelerate the development of the Precision Strike Missile Increment 2. This deal, spanning the next seven years, focuses on establishing early operational capability for the advanced weapon system, marking a significant investment in long-range precision fires.
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