Lockheed Martin Achieves Record Success in Missile Defense Contracts

FORT WORTH, Texas – Lockheed Martin announced strong financial results for the first quarter of 2025 on April 23, showcasing a remarkable performance driven by a series of new missile programs. The company’s Missiles and Fire Control division secured approximately $10 billion in missile program awards, solidifying its pivotal role in enhancing U.S. defense capabilities.

The awarded contracts encompass multiple advanced missile systems including the Precision Strike Missile (PrSM), Joint Air-to-Surface Standoff Missile (JASSM), Long-Range Anti-Ship Missile (LRASM), Terminal High Altitude Area Defense (THAAD), and the Trident II D5 Life Extension Program. Each of these systems is designed to operate across various military domains, demonstrating Lockheed Martin’s commitment to precision and adaptability in combat scenarios.

A significant highlight is the PrSM, developed for the U.S. Army, which replaces the aging ATACMS system. Lockheed Martin secured nearly $5 billion for the PrSM Increment 1 contract, a key milestone in modernizing ground force firepower with its extended range and precision capabilities.

The company also received a $3.2 billion multiyear contract to increase JASSM and LRASM production through 2032. The JASSM is designed for stealthy strikes against heavily defended targets, while the LRASM focuses on ensuring maritime dominance by autonomously engaging enemy vessels.

In missile defense, Lockheed Martin continues to support THAAD, a system capable of intercepting short- to intermediate-range ballistic missiles. Its deployment capabilities make it critical in the U.S. defense architecture against emerging threats.

Lockheed Martin has reported an 18% increase in sales compared to the previous year, with Q1 sales reaching $18 billion, and net earnings at $1.7 billion. The company plans to maintain its sales momentum, projecting net sales between $73.75 billion and $74.75 billion for the complete fiscal year.

As modern threats evolve, Lockheed Martin’s innovative missile systems ensure that U.S. forces remain equipped to respond effectively in multi-domain operations.