
The Army has placed an initial delivery order for 400 Precision Strike Missiles (PrSM) under the potential $4.94 billion production contract it awarded Lockheed Martin [LMT] last week. The value of the initial production order under the new PrSM Inc. 1 has not yet been disclosed. "This contract award represents a critical investment in the Army’s future, ensuring that our soldiers have the most advanced and reliable capabilities to accomplish their missions. By partnering with industry, we are strengthening our…