Lockheed Martin Awarded Up to $4.94 Billion by U.S. Army for Precision Strike Missile Production

Lockheed Martin has secured an indefinite delivery indefinite quantity (IDIQ) contract from the U.S. Army worth up to $4.94 billion to produce additional Precision Strike Missiles (PrSM). The contract is designed to boost production capacity and support the Army’s modernization and long-range strike capabilities.

PrSM is the Army’s next-generation surface-to-surface missile with a range exceeding 400 kilometers. It is compatible with HIMARS and MLRS platforms and features open systems architecture for future upgrades. Lockheed Martin is using advanced digital technologies such as AR, data analytics, and simulation tools to streamline production and improve performance.

The company emphasized its commitment to delivering critical defense capabilities at speed and scale to ensure national security and readiness in an evolving threat environment.