Reported 1 day ago
Lockheed Martin announced that the U.S. Army has awarded it a contract valued at up to $4.94 billion for the production of Precision Strike Missiles (PrSM). This comes amid increased global demand for weaponry, as the Pentagon focuses on acquiring the next-generation long-range PrSM to replace the Army Tactical Missile (ATACM). Following this announcement, Lockheed's stock rose by more than 1%.
Source: YAHOO