Lockheed Martin To Quadruple Precision Strike Missile Output After First Combat Use In Iran War

The agreement builds on a $4.94 billion contract that was awarded to Lockheed Martin in March 2025 to produce additional Precision Strike Missiles.
Attendees visit the Lockheed Martin pavilion during the Doha International Maritime Defence Exhibition and Conference 2026
Attendees visit the Lockheed Martin pavilion during the Doha International Maritime Defence Exhibition and Conference 2026. (Photo by Noushad Variyattiyakkal/SOPA Images/LightRocket via Getty Images)
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Rounak Jain·Stocktwits
Published Mar 25, 2026   |   7:33 AM EDT
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Lockheed Martin Corp. (LMT) on Wednesday announced that it is quadrupling the production of Precision Strike Missiles (PrSM), following a framework agreement with the U.S. Department of War.

This comes after the U.S. Central Command confirmed earlier this month that long-range Precision Strike Missiles were used for the first time in the ongoing Iran war.

The agreement builds on a $4.94 billion contract that was awarded to Lockheed Martin in March 2025 to produce additional Precision Strike Missiles.

Lockheed Martin shares were up nearly 1% in Wednesday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

Get updates to this story developing directly on Stocktwits.

Also See: Iran Reportedly Snubs Ceasefire Plan, Officials Say Trump Is Negotiating With Himself

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