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Lockheed Martin Conducts Third Successful Demo Of PrSM Offering, Army Finalizing Deal For Next Phase

Matthew Beinart By
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Lockheed Martin Conducts Third Successful Demo Of PrSM Offering, Army Finalizing Deal For Next Phase
Lockheed Martin's Precision Strike Missile (PrSM)

Lockheed Martin [LMT] on Thursday conducted a third successful demonstration of its offering for the Army’s Precision Strike Missile (PrSM) program, with the company now set to move into the enhanced technology maturation phase and build toward initial fielding in 2023. The flight test was the first since Raytheon [RTN] exited the competition leaving Lockheed Martin as the sole competitor, with Army officials also detailing plans to explore new seeker technologies and “enhanced lethality” components for PrSM in the next…

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