Lockheed nets $4.9 billion US Army contract to build more precision strike missiles
PrSM is the US Army's next-generation long-range precision strike missile. (Photo: Lockheed Martin)
The PrSM missiles, known as Increment 1 weapon systems, will eventually replace the US Army’s Army Tactical Missile Systems (ATACMS).
The US Army has awarded Lockheed Martin with a US$4.9 billion contract to produce Precision Strike Missiles (PrSM).
The contract, for an indefinite delivery of an indefinite number of missiles (IDIQ) signals a “significant increase in production capacity” to meet the growing demand for these missiles, according to Lockheed Martin.
“Lockheed Martin is committed to delivering this deterrent capability in support of the Army’s vision for a lethal and resilient force,” said Carolyn Orzechowski, vice president of precision fires, launchers and missiles at Lockheed Martin.
The PrSM will serve as a replacement for the Army Tactical Missile System (ATACMS) –
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Australian tanks and Milrem UGVs bound for Ukraine]()
Australian tanks and Milrem UGVs bound for Ukraine
Dozens of M1A1 Abrams tanks from Australia are on their way to Ukraine to fight in the ongoing war, while Milrem is set to supply Ukraine more route clearance Tracked Hybrid Modular Infantry System (THeMIS) uncrewed ground vehicles (UGVs).
-
![Prototypes ordered for next generation USMC trucks with electric power a focus]()
Prototypes ordered for next generation USMC trucks with electric power a focus
The Medium Tactical Truck (MTT) is slated to replace the existing Medium Tactical Vehicle Replacement (MTVR) fleet, including cargo, dump, wrecker, tractor and re-supply variants which are in use with the USMC. Significantly, the vehicles will include hybrid electric technologies and onboard and export power.
-
![Tiberius Aerospace promises big on capability and accuracy with new artillery rocket]()
Tiberius Aerospace promises big on capability and accuracy with new artillery rocket
Tiberius Aerospace has deep roots in the entrepreneurial high-technology Silicon Valley in the US with its owners having established or been involved with major technology companies such as Nest, Veritone, Apple and Google. The owners shifted from this world to that of defence at the outbreak of Russia's invasion of Ukraine.
-
![Dutch order for up to 1,570 trucks highlights surging demand]()
Dutch order for up to 1,570 trucks highlights surging demand
The past 12 months has seen billions-of-dollars in logistics, support and supply trucks ordered and delivered. The deals range from a US Army US$1.5 billion contract with Oshkosh, Italy for US$784 million from IDV and Canada’s US$1.8 billion order for Mercedes-Benz Zetros trucks to a German order worth US$3.5 billion with Rheinmetall.
-
![International consortium bids for Spanish 6x6 cavalry scout vehicle requirement]()
International consortium bids for Spanish 6x6 cavalry scout vehicle requirement
Rival bids are expected for Spain’s 6x6 cavalry scout vehicle requirement, with an international consortium facing competition from major players including GDELS, Rheinmetall and the UAE’s Edge Group.
