What Happened
Lockheed Wins Major Deal For Precision Strike Missile System
The US Army has awarded Lockheed Martin a $1.2 billion contract for the Precision Strike Missile (PrSM) Increment 2 system, designed to develop a missile capable of hitting maritime targets on the move. The PrSM Increment 2 system features a multimode seeker and is expected to travel up to 500 km in combat. Lockheed’s successful launch of the first PrSM Increment 2 missile in February and the Army’s use of PrSM Increment 1 capabilities in combat in March demonstrate the system’s potential. The contract award was reported by Breaking Defense.