Lockheed Martin up after securing $4.94 billion US Army contract

Shares of U.S. defense contractor Lockheed Martin LMT.N rise 1.2% to $446.57

U.S. Army awards LMT indefinite delivery, indefinite quantity contract worth up to $4.94 billion to produce additional Precision Strike Missiles

Contract enables U.S. Army to efficiently order PrSM units, with significant increase in production capacity to meet growing demand

Up to last close, stock had fallen 9% YTD