Lockheed Martin Bags $1.2 Billion US Army Deal for Next-Gen Long-Range Missile
The award moves the missile from testing into initial production as Lockheed Martin expands capacity for the Army’s long-range strike program.
- On Monday, Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion to produce the Precision Strike Missile Increment 2, designed to replace the Army Tactical Missile System .
- This award follows a second successful flight test that demonstrated the missile's multimode seeker, enabling engagement of moving land and maritime targets beyond its existing precision-strike role.
- Building on a $4.94 billion contract awarded last year, Lockheed Martin is scaling production capacity to 550 missiles annually following the weapon's first combat use during Operation Epic Fury.
- "We're ready to move from flight testing into production," said Dave Griser, vice president, Precision Fires Launchers and Missile, Lockheed Martin, expanding the Army's long-range precision fires capability.
- Lockheed Martin will begin initial production while continuing system maturation, with additional PrSM Increment 2 flight tests scheduled for 2027 to validate the weapon for the U.S. Army.
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Lockheed Martin has demonstrated the second test flight of its PrSM (Precision Strike Missile) Increment 2 ballistic missile. The company posted a video of the test launch from an M142 HIMARS launcher on the social network X. "The PrSM Increment 2 program is advancing. Recent flight tests demonstrated a launch from HIMARS, engaging a maritime target. In addition, the US Army has awarded us a $1.2B IDIQ contract to begin production," the statemen…
The US Army is pushing forward its new precision rocket. Lockheed Martin receives an order for up to $1.2 billion.
Lockheed Martin Wins $1.2B PrSM Increment 2 Contract Following Second Maritime Test
Lockheed Martin has received an indefinite-delivery, indefinite-quantity contract worth up to $1.2 billion to produce the U.S. Army’s Precision Strike Missile (PrSM) Increment 2, following a second flight test of the weapon’s maritime-strike capability. The award covers initial procurement, potential future orders, follow-on production and continued development of the new PrSM variant. It marks a ...
The U.S. military has signed a $1.2 billion contract with Lockheed Martin for the next-generation PrSM Increment 2 missile, designed to strike moving land and sea targets. The first prototypes of the land-launched missile will enter production.
Defense News
US Army awards Lockheed Martin $1.2B PrSM contract
The U.S. Army awarded Lockheed Martin a PrSM contract worth up to $1.2 billion.
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