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Lockheed Martin Expands PrSM Production Capacity

March 25, 2026

2 min read

Key Takeaways

Lockheed Martin signs framework agreement to accelerate PrSM production.
Agreement aims to quadruple manufacturing capacity for the US Army.
PrSM is the successor to the Army Tactical Missile System (ATACMS).
The missile is designed for launch from M142 HIMARS and M270 launchers.

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Strategic Implications

This agreement may signal the US Army's increasing demand for long-range precision fires, which could benefit Lockheed Martin's position in the missile market. The expansion of production capacity suggests a potential increase in the company's revenue and may indicate a growing trend in the development of next-generation missiles.

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What Happened

US Army Partner Quadruples Manufacturing For Next-Gen Missile

Lockheed Martin has signed a new framework agreement with the US Department of War to accelerate production of the Precision Strike Missile (PrSM), aiming to quadruple manufacturing capacity for the US Army’s next-generation long-range surface-to-surface missile. The agreement builds on a March 2025 US Army contract worth up to $4.94 billion for additional PrSM production. PrSM is being developed as the successor to the Army Tactical Missile System (ATACMS) and is designed for launch from both the M142 HIMARS and M270 family of launchers. According to Lockheed Martin, the arrangement is designed to accelerate output as demand for long-range precision fires continues to grow. This development was first reported by AeroTime.

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