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Lockheed Martin announced several separate U.S. defense awards in 2026, including an Army Precision Strike Missile Increment 2 contract worth up to $1.2 billion. Other announcements covered THAAD and PAC-3 MSE interceptors, plus C-130J training and maintenance support. These figures are contract ceilings or broader award values—not a confirmed total of cash obligated or paid.
Which Lockheed Martin contracts are included?
The headline refers to multiple distinct announcements, not one contract worth more than $1 billion. The awards differ in customer, scope, duration, and contract form. The figures below are those reported by Lockheed Martin; they are not directly comparable measures of funded spending.
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| Announcement | Customer and program | Reported value and contract form | Scope |
|---|---|---|---|
| April 14, 2026 | Pentagon; C-130J Maintenance and Aircrew Training System (MATS) IV | Up to $1.9 billion; ten-year sole-source IDIQ contract | Training devices and support for C-130J aircrews and maintainers, including courseware, operations, logistics support, and engineering services. Lockheed Martin said support would expand to include the U.S. Navy Reserve and U.S. Coast Guard. Lockheed Martin announcement |
| June 24, 2026 | THAAD interceptor program | Up to $35 billion; seven-year undefinitized contract action (UCA) | Intended to quadruple THAAD interceptor production. Lockheed Martin described the award as carrying out a framework agreement. Lockheed Martin announcement |
| August 2026 | PAC-3 Missile Segment Enhancement (MSE) | Up to $53.86 billion for the UCA modification described in the release body; the release headline cites $58.62 billion for the multiyear production award | Interceptor production. Lockheed Martin said planned employment at its Camden, Arkansas, facility would rise from 1,200 to approximately 1,850. Lockheed Martin announcement |
| September 21, 2026 | U.S. Army; Precision Strike Missile (PrSM) Increment 2 | Up to $1.2 billion; IDIQ contract | Initial procurement and future orders of Increment 2 missiles, follow-on production, and continued development. Lockheed Martin linked the announcement to a second flight test demonstrating engagement of moving maritime targets. Lockheed Martin announcement |
What does “up to” mean for the contract values?
“Up to” describes a ceiling or maximum announced value; it does not show how much funding has been obligated, delivered, or paid. An indefinite-delivery, indefinite-quantity (IDIQ) contract sets terms for orders that may be placed over time, while an undefinitized contract action (UCA) permits work to proceed before all contract terms are finalized. The announcements summarized here do not provide a consistent set of award-level obligation totals, so adding their ceilings would not establish a total of new spending.
Why do the PAC-3 MSE figures differ?
Lockheed Martin’s August PAC-3 MSE announcement uses $58.62 billion in its headline, while the release body describes a UCA modification worth up to $53.86 billion. Those figures refer to differently worded scopes in the same announcement; they should not be presented as interchangeable. The body’s modification ceiling is not evidence that $53.86 billion has already been funded or paid.
#1 Best Overall
- IFF antenna array in front of the cockpit distinguishes this CCIP-equipped model from other F-16s.
- Curved form of the F-16 accurately reproduced with trademark Tamiya precision.
- Moveable horizontal stabilizers. "Flaperons" can be modelled in the up or down positions.
- Full ordnance load including AGM-88 HARM, AIM-120C AMRAAM, AIM-9M/X Sidewinder, ECM pod, and fuel tanks included.
- Centerline and inner wing pylons as well as tail assembly feature polycaps to allow easy detachment for storage.
What Lockheed Martin says the awards are intended to do
For THAAD, Lockheed Martin said the seven-year action is intended to quadruple interceptor production and support production capacity and the defense industrial base. In the company’s June 24 announcement, Tim Cahill, president of Lockheed Martin Missiles and Fire Control, described the award as reflecting “our shared vision with the Department of War to strengthen America’s Arsenal of Freedom through a transformational shift to multiyear procurement.” That is the company’s characterization of the award, rather than an independent assessment. Lockheed Martin’s quoted statement
Quick Recap
Rank #4
- Package Dimensions: 37.59 cms (L) x 24.64 cms (W) x 6.0 cms (H)
- Product Type: Non Riding Toy Vehicle
- Package Quantity: 1
- Country Of Origin: Italy
Rank #3
- Set Includes 4 Metal Earth Lockheed Martin Model Kits: SR-71 Blackbird - F-22 Raptor - F-35 Lightning II - F-117 Nighthawk
- Assembly Required - Instructions Included
- 1-2 Sheets Per Kit - Difficulty Level Easy to Moderate
- No Glue or Solder Needed!
- Ages 14+
Rank #2
- HOBBY MODEL KIT – Unassembled model packed in an envelope with easy to follow instructions. Ideal for ages 14 and up.
- NO GLUE OR SOLDER NEEDED – Parts can be easily clipped from the metal sheets. Tweezers are the recommended tool for bending and twisting the connection tabs.
- LOCKHEED MARTIN U-2 DRAGON LADY - 2 Sheet Model with a moderate difficulty level. Once assembled, dimensions are 4.70 L x 7.90 W x 2.40 H inches. 1:157 Scale.
- FROM STEEL SHEETS TO 3D – Pop out the pieces and connect using tabs and holes. Includes illustrated instructions.
- HIGHLY DETAILED ETCHED MODEL – Display your 3D model once completed - collect and build them all.
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