Pakistan Army said Atta Ullah and Taj Muhammad were active members of the proscribed Tehreek-e-Taliban Pakistan (TTP) and had facilitated the terrorists who attacked the Army-run school in Peshawar in December 2014.
"These terrorists were involved in committing heinous offences relating to terrorism, including attack on Army Public School Peshawar, killing of innocent civilians, attacking Armed Forces of Pakistan and Law Enforcement Agencies," army said.
The terrorists had been tried by military courts and had confessed to their crimes before a magistrate and trial court, it said.
Military courts, which were restored in March for another two years after their initial two-year term expired in January, work in secrecy due to fear of attacks by militants.
The courts were set up after a constitutional amendment following the Peshawar terror attack.
Human rights group Justice Project Pakistan says over 440 people have been executed since the Peshawar attack.
Pakistan has been fighting various extremist groups for over a decade. Militant attacks have killed tens of thousands of people.
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