Lockheed Martin announced it received a roughly $5 billion contract from the U.S. Army for providing Precision Strike ...

The PrSM is made by Lockheed Martin, which back in 2020 managed to beat competitors Boeing and Raytheon in the race to produce it. It is meant as a replacement for the MGM-140 ATACMS, and it has ...

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Space Force Base in October 2021. Though this PrSM contract is for the Army, the U.S. Marine Corps as well as the Australian Army have indicated they intend to acquire the PrSM. Lockheed Martin ...

Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles as the defense contractor works to tap a U.S. need to ...

Military planes, satellites, ships and other vehicles can see a vast portion of the world through cameras, radar, infrared ...

Lockheed Martin’s F-35B has conducted a first test-flight carrying the airframer’s AGM-158B Long Range Anti-Ship Missile (LRASM). Performed from the US Naval Air Systems Command’s Patuxent ...

It calls for the plane to be equipped with something called the AGM-158 strike systems, which includes the Joint Air-to-Surface Standoff Missile (JASSM) and the Long Range Anti-Ship Missile (LRASM).

RBC Capital Markets downgraded Lockheed Martin to Sector Perform from Outperform and lowered its price target to $480 from $550.Conversely, RBC upgraded Northrop Grumman to Outperform from Sector ...