Sign In
Search
Army

Lockheed Martin Receives $62 Million To Move Onto Precision Strike Missile EMD Phase

Matthew Beinart By
SHARE:
Lockheed Martin Receives $62 Million To Move Onto Precision Strike Missile EMD Phase
Lockheed Martin's Precision Strike Missile (PrSM)

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…

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 Taps Elbit America To Join SBMC Development Effort, Will Test Prototypes This Year

Army

Lockheed Conducts First Flight Test Of New PrSM Inc. 2 With Seeker To Hit Maritime Targets

Army

Army Aims Co-Investment Effort At $150 Billion Infrastructure Backlog, Wants Deals This Summer

Army

Army Acquisition Chief Says XM30 Remains ‘On Path,’ Will Test Prototypes This Summer

Trending

Anduril Nabs $20 Billion Army Award For Enterprise-Wide Counter-Drone Solutions
Defense Watch: PAC-3 and Wedgtail Awards, C-UAS Standards, Dem Praises Hegseth
Official: DoD’s FY ‘27 Budget Request Coming ‘Relatively Soon,’ Makes ‘Generational Investment’
Air Force Flight Tests Affordable Missile Demonstrator With Ursa Major Engine
X-Bow To Acquire Evolution Space, Enhancing Hypersonics And Energetics Capabilities

Congress Updates

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume