What Happened
Lockheed Martin Secures Major Precision Strike Missile Deal
The US Army has awarded Lockheed Martin a $1.2 billion contract for the production and continued development of the Precision Strike Missile (PrSM) Increment 2. The contract follows a successful second flight test, which demonstrated the missile’s ability to engage a moving maritime target. Lockheed Martin will begin producing the initial Increment 2 missiles while continuing flight tests and system maturation. The award was reported by IRIA News.