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Lockheed Martin’s New PrSM Inc. 1 Contract Begins With Order For 400 Missiles

Matthew Beinart By
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Lockheed Martin’s New PrSM Inc. 1 Contract Begins With Order For 400 Missiles
PrSM is the next-generation, long-range precision-strike missile delivering critical capabilities to attack, neutralize, suppress, and destroy targets, supporting successful mission execution via combined Joint All-Domain Operations. (Official U.S. Army photo, Darrell Ames)

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…

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