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Army

Lockheed Martin Nabs $158 Million PrSM Deal To Build More Early Operational Capability Missiles

By Matthew Beinart

Thursday, September 29th, 2022

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Lockheed Martin Nabs $158 Million PrSM Deal To Build More Early Operational Capability Missiles

Lockheed Martin's Precision Strike Missile during a May 2021 flight test. Photo: Lockheed Martin.

The Army has awarded Lockheed Martin [LMT] a contract worth up to $158 million to produce additional Precision Strikes Missiles (PrSM) to meet an early operational capability (EOC) requirement, the company said Thursday. The new deal, which is the second production contract to date for PrSM, begins with an initial $77 million order the Army placed on Sept. 26 for 54 missiles. Lockheed Martin said the new production deal “follows a successful Manufacturing Readiness Assessment milestone visit with the Army…

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