Lockheed Martin stock gains on $1.21 billion U.S. Army missile contract

Published on 09/15/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin stock rose on September 15, 2026 after the U.S. Army awarded a $1.21 billion Precision Strike Missile Increment 2 contract. The deal adds to more than $1.3 billion in recent defense awards and supports long-term missile and fire control growth.

Rüstungswerk mit Hangar, Radarturm und unmarkiertem Kampfjet in der Abenddämmerung — Fotorealistische Werksanlage von Lockheed Martin (ISIN US5398301094) mit Hangar und unmarkiertem Tarnkappenjet bei Dämmerung, Illustration mit AI erstellt.

Lockheed Martin Corporation (ISIN US5398301094) stock closed at USD 529.38 on the New York Stock Exchange on September 15, 2026, up 0.99% from the prior close as investors reacted to a new U.S. Army contract worth about USD 1.21 billion for Precision Strike Missile Increment 2 Early Operational Capability.

New missile contract supports revenue visibility

According to InsideDefense on September 15, 2026, the U.S. Army awarded Lockheed Martin a cost-plus, firm-fixed-price, indefinite-delivery/indefinite-quantity contract valued at about USD 1.2 billion for the Precision Strike Missile Increment 2 Early Operational Capability program.

As Investing.com reported on September 14, 2026, this Precision Strike Missile Increment 2 award is the largest of three recent U.S. defense contracts for Lockheed Martin, totaling more than USD 1.3 billion and extending work on missile and fire control systems through completion dates as far out as September 13, 2031.

Stock price and recent performance

Per quotation data for Lockheed Martin on the New York Stock Exchange, the shares closed at USD 529.38 on September 15, 2026, gaining USD 5.19 or 0.99% on the day, with an after-hours indication around USD 530.25.

The latest price of USD 529.38 on September 15, 2026 places the stock near the upper end of its recent trading range and reflects investor confidence that long-term missile contracts and associated backlog will support revenue growth in the missile and fire control segment.

Recent defense awards bolster backlog

According to Investing.com on September 14, 2026, the U.S. Department of War recently awarded Lockheed Martin three contracts worth more than USD 1.3 billion.

The largest contract, for Precision Strike Missile Increment 2 Early Operational Capability, is valued at USD 1.21 billion and runs through an expected completion date of September 13, 2031, while a USD 97.64 million Multiple Launch Rocket System recapitalization contract and a USD 13.17 million modification to a Joint Air-to-Surface Standoff Missile tooling and test equipment contract together increase the total value of missile-related awards.

Stock level and investor perspective

Lockheed Martin stock at USD 529.38 on September 15, 2026 reflects a market capitalization in the large-cap range on the New York Stock Exchange and underscores how multi-year contracts totaling more than USD 1.3 billion can support long-term cash flow and earnings visibility for aerospace and defense investors.