Lockheed Lands $4.9B Army Contract for Precision Strike Missile Increment 1

Lockheed Martin has secured a U.S. Army contract worth approximately $4.94 billion to produce Precision Strike Missile, or PrSM, Increment 1 weapon systems.

The Department of Defense said Friday Army Contracting Command launched an online solicitation and received one offer for the firm-fixed-price contract.

The service branch will obligate funding and determine work locations upon award of each task order.

Work on the contract will run through March 30, 2030.

Recent Tests

In February, the Army performed a production qualification test of the PrSM Increment 1 missile at White Sands Missile Range in New Mexico as part of ongoing efforts to strengthen the service’s long-range precision strike capability.

The recent flight test came two months after the Army conducted a limited user test for the PrSM Increment 1 missile.

What Is PrSM?

PrSM is the Army’s next-generation missile designed to provide the warfighter with a long-range precision fire capability to neutralize targets as far as 500 kilometers away.

The surface-to-surface weapon system comes with an open systems architecture and can be launched from High Mobility Artillery Rocket Systems and M270 Multiple Launch Rocket Systems.

PrSM Increment 5

Breaking Defense reported that Brig. Gen. Rory Crooks, director of the Long-Range Precision Fires Cross Functional Team at U.S. Army Futures Command, said at an event in December that the military branch started initial work on the PrSM Increment 5 missile with plans to begin a science and technology development initiative in fiscal 2026.

Crooks noted that the service intends to design a weapon system that could be launched from an autonomous vehicle and could hit targets beyond 1,000 kilometers.

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