LM
Lockheed MartinLMT
Defense contractor
Lockheed Martin (NYSE: LMT) is the incumbent maker of the U.S. Army's Precision Strike Missile, holding the Increment 1 production line the Army expanded from $4.9 billion to $13.3 billion and a $1.2 billion Increment 2 early-operational-capability award. It must now defend the 1,000-kilometer Increment 4 successor in a five-way prototype race against Anduril, Castelion, Mach Industries and RTX.