What Happened
Lockheed Martin Wins Deal for Advanced Missile System
The US Army has awarded a contract worth over $1.2 billion to Lockheed Martin for its Precision Strike Missile (PrSM) Increment 2 platform. The system is designed to strike moving targets, including ships, and features a multi-mode seeker for enhanced capabilities. The contract is expected to finish production by September 13, 2031. This development comes as the Army seeks to diversify its munition types and address inventory shortfalls. The contract was reported by an unknown source.