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Lockheed Martin Wins $1.2B PrSM Contract

September 21, 2026

1 min read

Key Takeaways

Lockheed Martin awarded $1.2B PrSM contract.
PrSM Increment 2 demonstrates moving target engagement.
Contract moves PrSM from development to production.
Missile expands Army's long-range strike options.

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Strategic Implications

This contract award may indicate the US Army's growing emphasis on precision strike capabilities. The successful demonstration of moving target engagement suggests a significant enhancement of the Army's long-range fires capability, which could expand its mission set and strengthen its position in future conflicts.

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What Happened

US Army Awards Precision Strike Missile Production Deal

The US Army has awarded Lockheed Martin a contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), marking a significant milestone in the development of the nation’s next-generation long-range precision fires capability. The PrSM Increment 2 has demonstrated its ability to engage moving maritime targets, expanding the Army’s long-range strike options. This development was announced by Lockheed Martin, according to a press release.

Source | Originally Published: September 21, 2026

Companies Mentioned

Lockheed Martin US Army

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Technology & Systems

Lockheed Martin Wins $1.2B PrSM Contract

September 21, 2026

1 min read

Key Takeaways

Lockheed Martin awarded $1.2B PrSM contract.
PrSM Increment 2 demonstrates moving target engagement.
Contract moves PrSM from development to production.
Missile expands Army's long-range strike options.

Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.

Silver membership required Upgrade to Silver to access Key Takeaways.

Strategic Implications

This contract award may indicate the US Army's growing emphasis on precision strike capabilities. The successful demonstration of moving target engagement suggests a significant enhancement of the Army's long-range fires capability, which could expand its mission set and strengthen its position in future conflicts.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.

Silver membership required Upgrade to Silver to access Strategic Implications.

What Happened

US Army Awards Precision Strike Missile Production Deal

The US Army has awarded Lockheed Martin a contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), marking a significant milestone in the development of the nation’s next-generation long-range precision fires capability. The PrSM Increment 2 has demonstrated its ability to engage moving maritime targets, expanding the Army’s long-range strike options. This development was announced by Lockheed Martin, according to a press release.

Source | Originally Published: September 21, 2026

Companies Mentioned

Lockheed Martin US Army