The PrSM enables the Army to neutralise and destroy targets through indirect fires. Credit: Lockheed Martin Corporation.

Lockheed Martin has secured the second early operational capability (EOC) production contract to deliver additional Precision Strike Missiles (PrSMs) to the US Army.

The $158m contract seeks to expedite the Army’s missile fielding process. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The deal comes soon after a manufacturing readiness assessment by the Army.

At present, Lockheed Martin is focused on developing PrSMs to meet the requirements of the Army’s initial production and engineering and manufacturing development (EMD) contracts, awarded in September last year.

The company is also working on producing additional rounds for system qualification tests, which are scheduled to be held in 2023.

See Also:

The decision on the full-rate production of the qualified system is expected to be finalised in 2025.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The PrSM is an advanced version of the Army Tactical Missile System (ATACMS) missiles.

The low-risk, long-range, surface-to-surface missile enables the Army to neutralise and destroy targets through indirect fire.

The ballistic missile features an open system architecture, enabling future technological enhancements and growth capabilities for follow-on spirals.

As the key designer and manufacturer of long-range precision strike solutions, Lockheed Martin Missiles and Fire Control has delivered several systems including multiple launch rocket system (MLRS), high mobility artillery rocket system, and ATACMS to customers worldwide.

Earlier this year, Lockheed Martin delivered the first MLRS M270A2 launcher to the US Army.

The upgraded version of the mobile rocket launching system will make the M270A2 compatible with munitions, including the extended-range GMLRS and PrSM.