
The Army has awarded Lockheed Martin [LMT] a $62 million contract modification to move onto the engineering and manufacturing development phase of the Precision Strike Missile (PrSM) program. The deal follows a completed Milestone B evaluation and a series of successful PrSM flight tests. Lockheed Martin last received a $180.7 million contract last June for the PrSM Enhanced Technical Maturation and Risk Reduction (ETMRR) phase, which covered the build of four missiles, three more demonstrations and subsystem qualification work (Defense…