Lockheed Martin and the US Department of Defense announced a framework agreement to accelerate the production of Precision Strike Missiles (PrSM). The agreement builds on a previous $4.94 billion contract award from the U.S. Army last year and together, these actions will quadruple PrSM production capacity. The agreement includes the ability to negotiate a multi-year contract up to seven years, should Congress grant multi-year authority, contingent upon future congressional authorisation.
On March 4, U.S. Central Command confirmed that long-range PrSM was used in combat for the first time during Operation Epic Fury, marking the system’s operational debut and demonstrating expanded deep-strike capability.
Designed to succeed the legacy Army Tactical Missile System (ATACMS), PrSM delivers extended range, improved lethality and platform versatility. The system is enabled by mission integration and digital engineering across industry and government. In July 2025, the Army granted Milestone C approval for PrSM, signalling readiness for full production and deployment.
“Lockheed Martin delivers the advanced precision fires capabilities the warfighter needs, including the Precision Strike Missile (PrSM), which expands deep-strike capability,” said Lockheed Martin Chairman, President and CEO Jim Taiclet. “We are working closely with the Department of War and the U.S. Army to scale production to meet operational demand and ensure the joint force has the capabilities needed to deter and defeat emerging threats.”
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