Army awards Lockheed $8B modification to increase PrSM production capacity

US Army’s $8.4B contract locks in PrSM production through 2032

The U.S. Army has committed $8.4 billion to expand production of its next-generation Precision Strike Missile, awarding Lockheed Martin one of the largest ground-launched missile contracts in years and locking in a manufacturing pipeline that runs through the end of fiscal year 2032. The modification, signed June 23, 2026, expands an existing contract with Lockheed […]

Army awards Lockheed $8B modification to increase PrSM production capacity

The Army has awarded Lockheed Martin an $8.4 billion contract modification to “increase the ceiling and extend the ordering period” for increased production capacity of the Precision Strike Missile, according to a Defense Department contract notice posted today.  The award will support increased production of PrSM Increment 1 and procurement of “early operational capability assets, follow-on production, development, and obsolescence management” …