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 Awards $3 Billion Deal To Lockheed For Sentinel A4 Radar Production

Army

Army Picks Companies For New Autonomous Logistics, Breaching Prototyping Efforts

Army

RTX Details Successful Demos With NGSRI Offering For Stinger Replacement Competition

Army

UK Plans To Join U.S. Army’s PrSM Program, Will Invest $254 Million

Trending

Singularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round
L3Harris And Sierra Space Receive $1.75 Billion For SDA Tranche 3, Tracking Layer
Defense Watch: B-21 Crew, T-7 Delay, IBCS Test, Counter-Drone Guide, UGV Raise
SOCOM to Buy Leidos AGM-190A for Small Cruise Missile Program
Development Of Autonomous Targeting For Bumblebee Drone Progressing But Work To Do

Congress Updates

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

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