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Lockheed Martin Receives $358 Million ATACMS Deal, Readying Precision Strike Missile Testing In 2019

Matthew Beinart By
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Lockheed Martin Receives $358 Million ATACMS Deal, Readying Precision Strike Missile Testing In 2019
Lockheed Martin's ATACMS

Lockheed Martin [LMT] has received a $358 million deal to produce ATACMS missiles for the Army and a foreign customer, while the company readies to begin testing in 2019 for the program’s replacement, the Precision Strike Missile (PrSM) offering, officials said Monday.Under the deal announced Monday, Lockheed Martin will modernize and refurbish 290 ATACMS for the Army with modernized electronics, and deliver 30 new missiles to an unnamed foreign customer.“This program will allow our customers to upgrade their existing Block…

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