This latest order propels the project into its final phase, scheduled for completion by August 2024, with KULR having already achieved significant milestones in the development of next-generation battery solutions for advanced aviation. Earlier in March, the US Army awarded Lockheed Martin Corporation ( NYSE: LMT ) a $219 million contract to produce more Early Operational Capability (EOC) Precision Strike Missiles (PrSM). The award is the fourth production contract to date for the long-range surface-to-surface missile, which will allow for a significant increase in production capacity to meet Army demand. Lockheed Martin delivered the first missiles in December 2023 following a successful November production qualification test. Initial deliveries achieved a major modernization milestone for the U.S. Army, securing needed long-range precision fires capability.