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U.S. Army selects Anduril, Castelion, Lockheed Martin, Mach Industries and RTX to develop 1,000-km Precision Strike Missile prototypes

U.S. Army selects Anduril, Castelion, Lockheed Martin, Mach Industries and RTX to develop 1,000-km Precision Strike Missile prototypes

Lockheed Martin says up to $9 billion investment will accelerate PAC-3, THAAD, PrSM and JATM missile production across America

Lockheed Martin says up to $9 billion investment will accelerate PAC-3, THAAD, PrSM and JATM missile production across America

September 23, 2026
Lockheed Martin says $1.2 billion PrSM Increment 2 award advances maritime strike technology and fourfold production expansion

Lockheed Martin says $1.2 billion PrSM Increment 2 award advances maritime strike technology and fourfold production expansion

September 21, 2026
U.S. warns allies of missile and interceptor delays of up to five years after Iran war depletes stocks and strains production

U.S. warns allies of missile and interceptor delays of up to five years after Iran war depletes stocks and strains production

September 21, 2026
Lockheed Martin CEO says PrSM output needs to grow faster than planned as demand drives production ramp

Lockheed Martin CEO says PrSM output needs to grow faster than planned as demand drives production ramp

September 13, 2026
U.S. Army accelerates PrSM Increment 2 for moving maritime targets under streamlined rapid-fielding acquisition pathway

U.S. Army accelerates PrSM Increment 2 for moving maritime targets under streamlined rapid-fielding acquisition pathway

The U.S. Army is accelerating Precision Strike Missile Increment 2 to field an early capability against moving maritime targets.

September 11, 2026
Britain targets threefold increase in Army strike reach through PrSM, alongside £590 million long-range rocket artillery programme

Britain targets threefold increase in Army strike reach through PrSM, alongside £590 million long-range rocket artillery programme

Britain will invest a combined £780 million in the Precision Strike Missile programme and long-range rocket artillery, placing extended-range firepower at the centre of its effort to rebuild the Army for NATO warfighting.

September 3, 2026
Rheinmetall CEO says German ATACMS production could start in late 2027, freeing Lockheed Martin capacity for new PrSM line

Rheinmetall CEO says German ATACMS production could start in late 2027, freeing Lockheed Martin capacity for new PrSM line

Rheinmetall expects to build the required production line next year and begin manufacturing ATACMS Lot 8 in late 2027.

August 7, 2026
U.S. long-range missile and air defense interceptor stocks near exhaustion after five months of Iran strikes, reports say

U.S. long-range missile and air defense interceptor stocks near exhaustion after five months of Iran strikes, reports say

The U.S. military has reportedly used virtually all of its ATACMS and Precision Strike Missile inventory during more than five months of operations against Iran.

August 5, 2026
Lockheed Martin CEO says ATACMS production could move to Germany, opening Arkansas capacity for faster PrSM missile output

Lockheed Martin CEO says ATACMS production could move to Germany, opening Arkansas capacity for faster PrSM missile output

Lockheed Martin is working with Rheinmetall to move ATACMS production capacity to Germany, Chief Executive Jim Taiclet said.

August 2, 2026
UK Ministry of Defence details £190 million PrSM tactical ballistic missile procurement to extend British Army strike range and NATO deterrence

UK Ministry of Defence details £190 million PrSM tactical ballistic missile procurement to extend British Army strike range and NATO deterrence

The UK Ministry of Defence said the UK will join the Precision Strike Missile programme to strengthen the British Army’s long-range strike capability.

July 8, 2026
UK plans £190 million Precision Strike Missile (PrSM) procurement to extend British Army long-range precision strike capability

UK plans £190 million Precision Strike Missile (PrSM) procurement to extend British Army long-range precision strike capability

The Precision Strike Missile, known as PrSM, is manufactured by U.S. defense company Lockheed Martin.

July 6, 2026
Lockheed Martin PrSM production framework rises to $13.3 billion after $8.4 billion U.S. agreement through 2032

Lockheed Martin PrSM production framework rises to $13.3 billion after $8.4 billion U.S. agreement through 2032

The U.S. Department of War has announced a new agreement with Lockheed Martin to increase the funding framework for purchases of PrSM missiles.

June 24, 2026
Precision Strike Missile (PrSM) expanded U.S. Army long-range fires as HIMARS and MLRS gained deeper strike and future anti-ship roles

Precision Strike Missile (PrSM) expanded U.S. Army long-range fires as HIMARS and MLRS gained deeper strike and future anti-ship roles

The U.S. Army’s Precision Strike Missile has become a key element in the modernization of American rocket artillery.

June 21, 2026
Lockheed Martin and L3Harris advance PrSM Increment 4 design after booster-to-ramjet propulsion test

Lockheed Martin and L3Harris advance PrSM Increment 4 design after booster-to-ramjet propulsion test

Lockheed Martin, L3Harris and the U.S. Army have successfully completed a key advanced propulsion milestone for Lockheed Martin’s Precision Strike Missile Increment 4 offering.

June 3, 2026
Lockheed Martin Australia expands HIMARS and PrSM program with focus on local industry cooperation

Lockheed Martin Australia expands HIMARS and PrSM program with focus on local industry cooperation

Lockheed Martin Australia said the Australian government has selected the company’s HIMARS launchers and Precision Strike Missile systems for the Australian Army’s LAND 8113 Phase 2 program.

May 10, 2026
Australia selects HIMARS and Precision Strike Missile in $2.3 billion boost to Army long-range strike capability

Australia selects HIMARS and Precision Strike Missile in $2.3 billion boost to Army long-range strike capability

The Australia government has selected the High Mobility Artillery Rocket System (HIMARS) and Precision Strike Missile (PrSM) as part of a A$2.3 billion investment aimed at expanding the Australian Army’s long-range strike capabilities over the next decade.

April 27, 2026
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