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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According to the US Army, Lockheed Martin has received an order in the volume of up to 1.2 billion dollars (approx. 1.04 billion euros).
The Economic Times
Times of IndiaLockheed Martin bags $1.2 billion US Army deal for next-gen long-range missile
Lockheed Martin has secured a US Army contract worth up to $1.2 billion to produce the Increment 2 variant of its Precision Strike Missile, following a successful test against moving maritime targets. The award comes as the defence contractor expands production capacity to 550 missiles annually amid rising demand for long-range strike weapons.
Lockheed Martin announced a contract with the U.S. Army to manufacture an anti-ship version of the prSM (Precission Strike Missile) operational missiles with a total value of $1.2 billion.
Lockheed Martin Secures $1.2B Contract for Precision Strike Missile Increment 2 After Second Maritime Test
/PRNewswire/ -- The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite quantity (IDIQ) contract worth up to $1.2 billion to...
Lockheed wins US Army missile contract worth up to $1.2 billion
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