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U.S. Army Grants Lockheed Martin $4.94B Missile Contract

The U.S. Army has awarded Lockheed Martin a significant contract worth up to $4.94 billion to produce additional Precision Strike Missiles (PrSM), a game-changing surface-to-surface weapon designed to hit targets beyond 400 kilometers. This contract is pivotal in increasing production capacity for PrSM units, which are set to replace the Army Tactical Missile System (ATACMS) and offer enhanced strike capabilities, with a range exceeding 500 kilometers.

Each PrSM missile is designed to be compatible with the High Mobility Artillery Rocket System (HIMARS) and the Multiple Launch Rocket System (MLRS) while featuring advanced guidance systems and a high-explosive warhead. The development reflects Lockheed Martin’s commitment to using innovative technologies, such as augmented reality for improved production efficiency. With the first batch delivered in December 2023, this contract marks a vital step in meeting increasing demand for advanced military capabilities.

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