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Army

Raytheon Out Of Army’s Precision Strike Missile Competition

By Matthew Beinart

Wednesday, March 25th, 2020

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Raytheon Out Of Army’s Precision Strike Missile Competition

Rendering of Raytheon's DeepStrike missile being launched. Photo: Raytheon.

Raytheon [RTN] is out of the Army’s Precision Strike Missile (PrSM) prototyping program following the service’s decision to not provide the company with additional funding, leaving Lockheed Martin [LMT] as the sole competitor. "The Army made a decision not to provide additional funding to Raytheon at this time. Raytheon's current period of performance ended on 20 March,” program manager for Strategic and Operational Rockets and Missiles under PEO Missiles & Space told Defense Daily on Tuesday. The decision follows recent…

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