Lockheed Martin wins $8.4 billion Army deal for Precision Strike Missiles

The modification expands production of Precision Strike Missiles Increment One through fiscal 2032 and lifts the contract's cumulative value to $13.3 million billion-class total of $13.3 billion.

GRAND PRAIRIE, TEXAS — Lockheed Martin Corp. won an $8.4 billion Army contract modification to boost Precision Strike Missile production on June 23, 2026.

Here is the full post (see war.gov): “Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $8.4 billion modification (P00007) to contract W31P4Q-25-D-0010 to increase the ceiling and extend the ordering period for increased production capacity of Precision Strike Missiles Increment One and procurement of Early Operational Capability assets, follow-on production, development, and obsolescence management through fiscal 2032. The modification brings the total cumulative face value of the contract to $13.3 billion. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 30, 2032. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.”

The modification raises the contract ceiling and extends the ordering period for the Precision Strike Missile program. It funds Early Operational Capability assets, follow-on production, development, and obsolescence management through fiscal 2032. The award lifts the total cumulative face value of the contract to $13.3 million billion-class total of $13.3 billion. Army Contracting Command at Redstone Arsenal, Alabama, is the contracting activity, with an estimated completion date of Sept. 30, 2032.

Lockheed Martin is an American defense and aerospace manufacturer headquartered in Bethesda, Maryland (see Google). The company operates four divisions, including Missiles and Fire Control, which builds tactical missiles and precision strike weapon systems (see ddiligence.app). It reported revenue of $75 billion in 2025 and employs roughly 123,000 people (see yahoo.com). Lockheed Martin has ranked as the top contractor of the United States federal government for years (see Google).

This award marks the 27th contract granted to Lockheed Martin Corp. in 2026, bringing the company’s total contract value for the year to $18.7 billion. It is also the 59th Department of Defense contract awarded in Texas during 2026.

The deal is not the largest ever awarded to Lockheed Martin, whose record stands at $11.8 billion. It is, however, the largest Army contract awarded in 2026 at $8.4 billion, against a year-to-date minimum of $14.1 million.

This award was announced among five Department of Defense contracts issued nationwide on June 23, 2026.

This contract represents the 27th contract awarded to Lockheed Martin Corp., in 2026, bringing the company’s total contract value for the year to $18,704,423,855. It is also the 59th Department of Defense contract awarded in Texas during 2026. While this is not the largest contract ever awarded to Lockheed Martin Corp., whose record stands at $11,762,911,991, it is notable within the Army portfolio. Specifically, it is the largest Army contract awarded in 2026, at $8,402,489,648, while the year-to-date minimum stands at $14,060,476. Overall, this award was announced among 5 Department of Defense contracts issued nationwide on June 23, 2026.

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