US Army awards Lockheed Martin $1.2B PrSM production contract

The U.S. Army has awarded Lockheed Martin a contract worth up to $1.2 billion for the Precision Strike Missile (PrSM), a key long-range precision fires program. This award signals continued U.S. investment in long-range strike capabilities, likely in response to peer threats. The contract's value and scope suggest a significant production ramp-up, but details on quantities and delivery timelines remain undisclosed.