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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
U.S. Army depletes Precision Strike Missile stock early in Iran conflict as first combat use highlights demand pressures

U.S. Army depletes Precision Strike Missile stock early in Iran conflict as first combat use highlights demand pressures

A representative of the U.S. Army Fires Center of Excellence said the U.S. Army exhausted its entire stockpile of Precision Strike Missiles at the start of operations against Iran.

April 16, 2026
Lockheed Martin and U.S. Department of War agree to increase Precision Strike Missile (PrSM) production capacity

Lockheed Martin and U.S. Department of War agree to increase Precision Strike Missile (PrSM) production capacity

Lockheed Martin and the U.S. Department of War have announced a framework agreement to accelerate production of the Precision Strike Missile.

March 25, 2026
Lockheed Martin successfully tests PrSM Increment 2 missile, expanding U.S. Army capability to strike moving targets

Lockheed Martin successfully tests PrSM Increment 2 missile, expanding U.S. Army capability to strike moving targets

Lockheed Martin has completed the first flight test of the Precision Strike Missile (PrSM) Increment 2, marking a significant step forward in the U.S. Army’s long-range fires modernization program.

March 12, 2026
U.S. Army uses Precision Strike Missile (PrSM) in combat for first time during Operation Epic Fury, CENTCOM confirms

U.S. Army uses Precision Strike Missile (PrSM) in combat for first time during Operation Epic Fury, CENTCOM confirms

The United States military has used the Precision Strike Missile (PrSM) in a combat situation for the first time during Operation Epic Fury, according to U.S. Central Command.

March 4, 2026
Northrop Grumman completes successful PrSM Increment 1 rocket motor test for U.S. Army program milestone

Northrop Grumman completes successful PrSM Increment 1 rocket motor test for U.S. Army program milestone

Northrop Grumman has completed a successful static fire test of the Precision Strike Missile (PrSM) Increment 1 rocket motor, underscoring its role in strengthening the U.S. Army’s long-range precision fires capability.

January 20, 2026
Lockheed Martin accelerates U.S. Army’s Precision Strike Missile (PrSM) into full-scale production

Lockheed Martin accelerates U.S. Army’s Precision Strike Missile (PrSM) into full-scale production

Lockheed Martin’s Precision Strike Missile (PrSM) programme has entered full-scale production, marking a major milestone in the U.S. Army’s modernisation efforts aimed at enhancing range, speed and lethality.

October 9, 2025
Lockheed Martin boosts missile and launcher output to meet surging U.S. and allied defence demand

Lockheed Martin boosts missile and launcher output to meet surging U.S. and allied defence demand

Lockheed Martin is significantly increasing production across its missile and launcher systems to support growing demand from the United States and allied nations.

October 8, 2025
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