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Lockheed Martin Bags $1.2 Billion US Army Deal for Next-Gen Long-Range Missile
The award moves the missile from testing into initial production as Lockheed Martin expands capacity for the Army’s long-range strike program.
- On Monday, Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion to produce the Precision Strike Missile Increment 2, designed to replace the Army Tactical Missile System .
- This award follows a second successful flight test that demonstrated the missile's multimode seeker, enabling engagement of moving land and maritime targets beyond its existing precision-strike role.
- Building on a $4.94 billion contract awarded last year, Lockheed Martin is scaling production capacity to 550 missiles annually following the weapon's first combat use during Operation Epic Fury.
- "We're ready to move from flight testing into production," said Dave Griser, vice president, Precision Fires Launchers and Missile, Lockheed Martin, expanding the Army's long-range precision fires capability.
- Lockheed Martin will begin initial production while continuing system maturation, with additional PrSM Increment 2 flight tests scheduled for 2027 to validate the weapon for the U.S. Army.
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According to the US Army, Lockheed Martin has received an order in the volume of up to 1.2 billion dollars (approx. 1.04 billion euros).
·Vienna, Austria
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The Economic TimesReposted by 
Times of India
Times of IndiaLockheed Martin bags $1.2 billion US Army deal for next-gen long-range missile
Lockheed Martin has secured a US Army contract worth up to $1.2 billion to produce the Increment 2 variant of its Precision Strike Missile, following a successful test against moving maritime targets. The award comes as the defence contractor expands production capacity to 550 missiles annually amid rising demand for long-range strike weapons.
·Mumbai, India
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Lockheed Martin announced a contract with the U.S. Army to manufacture an anti-ship version of the prSM (Precission Strike Missile) operational missiles with a total value of $1.2 billion.
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Total News Sources15
Leaning Left0Leaning Right4Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 36%
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