Lockheed Martin Awarded US$219M to produce additional PrSMs for US Army

The US Army has awarded Lockheed Martin a US$219 million ($331 million) contract to produce more Early Operational Capability (EOC) Precision Strike Missiles (PrSM). The award is the fourth production contract to date for the long-range surface-to-surface missile, which will allow for a significant increase in production capacity to meet Army demand.

Lockheed Martin delivered the first missiles in December 2023 following a successful November production qualification test. The Australian Army also plans to field the PrSM.

Initial deliveries helped the US Army achieve a major modernization milestone, securing needed long-range precision fires capability.

“We’re proud to deliver this long-range deterrent capability to our Army customer and continue work to advance the program and production on an aggressive schedule,” said Jay Price, vice president of Precision Fires at Lockheed Martin.

PrSM production will continue as Lockheed Martin ramps manufacturing efforts to fulfill current EOC contracts. Additional testing is also planned this year to include an Army-led user test.

PrSM is capable of neutralizing targets beyond 400 km. The weapon features open systems architecture design for maximum flexibility, says Lockheed Martin, is modular for future growth and is HIMARS and Multiple Launch Rocket System (MLRS) compatible.