Lockheed Martin wins US Army missile contract worth up to $1.2 billion
Lockheed Martin secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM). PrSM is the Army's next-generation long-range precision strike weapon, designed to replace the Army Tactical Missile System, or ATACMS.
2 billion from the US Army to produce the Increment 2 version of the Precision Strike Missile, or PrSM. PrSM is the Army's next-generation long-range precision strike weapon and is intended to replace the Army Tactical Missile System, or ATACMS. Lockheed Martin said the award came after a second successful flight test of the missile's Increment 2 variant, which showed it could engage moving maritime targets. The company has been increasing production of the Precision Strike Missile amid rising demand for long-range strike weapons.
94 billion Army contract awarded last year and following the weapon's first combat use during Operation Epic Fury.