Sign In
Search
Army

Army Awards Nearly $5 Billion PrSM Inc. 1 Production Contract To Lockheed Martin

Matthew Beinart By
SHARE:
Army Awards Nearly $5 Billion PrSM Inc. 1 Production Contract To Lockheed Martin
PrSM is the next-generation, long-range precision-strike missile delivering critical capabilities to attack, neutralize, suppress, and destroy targets, supporting successful mission execution via combined Joint All-Domain Operations. (Official U.S. Army photo, Darrell Ames)

The Army on March 28 awarded Lockheed Martin [LMT] a nearly $5 billion production contract for Precision Strike Missiles Inc. 1. Work on the new deal is expected to be completed by the end of March 2030, according to the Pentagon. PrSM is the Army’s program to replace its legacy ATACMS missiles, also built by Lockheed Martin, with the base weapon capable of reaching ranges up to 500 kilometers. Scott Prochniak, Lockheed Martin’s manager of business development for tactical strike…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Army

Army To Hold ‘Manufacturing Rodeo’ In Early ‘27 To Find Industrial Base Weak Points

Army

Lockheed Official Says New PAC-3 ACE ‘Could Be’ Solution For Army’s Low-Cost Interceptor

Army

Anduril Nabs Potential $1.8 Billion Army Deal To Support ‘Corps-Scale Fielding’ For NGC2

Army

Army Picks Initial 30 Finalists For Low-Cost Interceptor Demonstrations

Trending

GM Defense Unveils New UGV, Aims To Have Tech Demonstrator Ready By June 2027
RTX Unveils New Rocket Motor-Powered Variant Of Coyote Drone Interceptor
Sikorsky Developing ‘Black Hawk Next’ As A Follow-On to UH-60M
GD To Deliver All XM30 Prototypes By Late November, Tracks Downselect Decision In Spring 2027
Space Force Successfully Launches Northrop Grumman’s First Plane Of Transport Layer Satellites

Congress Updates

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume