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Army awards Lockheed $1.2B contract for PrSM Inc 2 system
Breaking Defense • • business
Key Points:
- The Army has awarded Lockheed Martin a $1.2 billion contract for the Precision Strike Missile (PrSM) Increment 2 system, aimed at developing a missile with a multimode seeker capable of targeting moving maritime threats up to 500 km away.
- Lockheed Martin was the sole bidder for the contract, with work locations to be determined per order and completion expected by September 2031.
- The announcement follows Lockheed’s successful February test launch of the PrSM Increment 2 missile, which demonstrated a new guidance system able to lock onto moving, time-sensitive targets from a distance of 350 km.
- The Army first used PrSM Increment 1 in combat during the ongoing conflict with Iran in March, reportedly depleting nearly all of its PrSM inventory since then.
- To support increased demand amid the conflict, the Pentagon has signed multiple framework agreements with vendors, including Lockheed Martin, to accelerate PrSM missile production.
