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● TRACKER Updated 11d ago · 25 sources tracked

Army awards Lockheed $1.2B contract for PrSM Inc 2 system

The US Army has contracted Lockheed Martin for $1.2 billion to develop the Precision Strike Missile Increment 2 Early Operational Capability. This indefinite-delivery, indefinite-quantity agreement focuses on creating maritime-strike capabilities. The contract covers initial production and future orders as part of a broader strategy to expand long-range strike options through proactive risk management. This acquisition aims to provide the Army with more versatile options for engaging targets at distance, specifically targeting naval assets.

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  • ✓ The US Army awarded Lockheed Martin a $1.2 billion contract for the Precision Strike Missile Increment 2 Early Operational Capability.
  • ✓ The contract is an indefinite-delivery, indefinite-quantity agreement for initial production and future orders.
  • ✓ The project focuses on maritime-strike capabilities to enhance long-range strike options.
  • ✓ The US Army is the land service branch of the United States Armed Forces.
🛡️ Source Corroboration: 25 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

No new developments occurred regarding the PrSM contract since the previous report.

Live updates

  1. Army awards Lockheed Martin $1.2B for PrSM Increment 2

    The US Army has contracted Lockheed Martin for $1.2 billion to develop the Precision Strike Missile Increment 2 Early Operational Capability. This indefinite-delivery, indefinite-quantity agreement focuses on creating maritime-strike capabilities. The contract covers initial production and future orders as part of a broader strategy to expand long-range strike options through proactive risk management. This acquisition aims to provide the Army with more versatile options for engaging targets at distance, specifically targeting naval assets.

    Why it matters

    The US Army is the land service branch of the US Armed Forces and the largest military branch. It operates various specialized branches including Field Artillery and Air Defense Artillery to maintain its combat capabilities.

    What is confirmed

    • The US Army awarded Lockheed Martin a $1.2 billion contract for the Precision Strike Missile Increment 2 Early Operational Capability.
    • The contract is an indefinite-delivery, indefinite-quantity agreement for initial production and future orders.
    • The project focuses on maritime-strike capabilities to enhance long-range strike options.
    • The US Army is the land service branch of the United States Armed Forces.

    What to watch next

    • Delivery dates for the first Early Operational Capability missiles
    • Updates on the specific maritime targets the PrSM Increment 2 is designed to engage
    Sources used for this update (8)
    1. www.goarmy.com — Be All You Can Be | U.S. Army
    2. www.army.mil — The Official Home Page of the United States Army
    3. www.goarmy.com — Explore All Army Jobs & Careers | U.S. Army - goarmy.com
    4. en.wikipedia.org — United States Army - Wikipedia
    5. www.hrc.army.mil — HRC Homepage
    6. www.army.mil — Join and Serve | Jobs and Careers in The United States Army
    7. www.hrc.army.mil — Evaluation Systems Homepage
    8. en.wikipedia.org — Army - Wikipedia
    confidence 100%

  2. Lockheed Martin wins $1.2B US Army contract for PrSM Increment 2 missiles

    The US Army has awarded Lockheed Martin a $1.2 billion contract for the Precision Strike Missile Increment 2 Early Operational Capability, focusing on maritime-strike capabilities. The contract is an indefinite-delivery, indefinite-quantity agreement covering initial production and future orders. This award is part of the Army's effort to enhance long-range strike options through proactive risk management.

    Why it matters

    The Precision Strike Missile system is designed to replace the Army Tactical Missile System, providing improved long-range precision fire capabilities. The contract is a significant development in the Army's modernization efforts, emphasizing rapid delivery and enhanced strike options. The PrSM Increment 2 variant has demonstrated its ability to engage moving maritime targets.

    What is confirmed

    • The contract is worth up to $1.2 billion.
    • The contract covers initial production and future orders of Increment 2 of the Precision Strike Missile.
    • The PrSM Increment 2 variant has demonstrated its ability to engage moving maritime targets.
    • The Precision Strike Missile system is designed to replace the Army Tactical Missile System.

    What to watch next

    • PrSM Increment 4 prototype development
    • Future production orders and deliveries
    • Additional contracts for long-range precision fires
    Sources used for this update (14)
    1. www.tectonicdefense.com — Lockheed Snags $1.2B Army Contract for PrSM Increment 2 Missiles
    2. www.overtdefense.com — Lockheed Martin Secure a $1.2 Billion U.S. Army Contract for ...
    3. interestingengineering.com — Lockheed Martin wins $1.2B contract for PrSM Increment 2 missiles
    4. adalytica.com — Lockheed Martin wins up to $1.2B PrSM contract | Adalytica
    5. envantermedya.com — US Army Awards Lockheed Martin $1.2 Billion Contract for PrSM ...
    6. simplywall.st — Lockheed Martin (LMT) Wins $1.2 Billion PrSM Production Contract
    7. sicherheitssignal.ch — Lockheed Martin wins $1.2B contract… | Sicherheitssignal™
    8. www.brown-watch.com — US Army Rewards Lockheed Martin $1.2 Billion Contract for ...
    9. www.army.mil — Five Defense Companies Selected to Develop Precision Strike ...
    10. breakingdefense.com — Army taps 5 companies for PrSM Inc 4 prototypes
    11. www.eletimes.ai — Lockheed Martin Wins $1.2-Billion US Army PrSM Contract
    12. www.armytimes.com — US Army selects five companies for PrSM development
    confidence 95%

  3. Army Awards Lockheed Martin $1.21 Billion for Maritime-Strike PrSM

    The U.S. Army awarded Lockheed Martin a $1.21 billion contract for the Precision Strike Missile Increment 2 Early Operational Capability. This specific iteration of the PrSM system focuses on maritime-strike capabilities. The award is part of a broader wave of Pentagon spending, which includes $5.5 billion across two major contracts for missiles and global parts logistics. This procurement emphasizes the Army's goal of rapid delivery through proactive risk management to enhance long-range strike options.

    Why it matters

    The PrSM program replaces older missile systems to provide longer-range precision strikes. Adding maritime capabilities allows the Army to target naval assets, increasing versatility in contested environments. These contracts align with broader Pentagon efforts to secure global parts supply and logistics.

    What is confirmed

    • The US Army awarded Lockheed Martin a $1.21 billion contract for the Precision Strike Missile Increment 2 Early Operational Capability.
    • The PrSM Increment 2 system includes maritime-strike capabilities.

    What to watch next

    • Delivery timelines for the Early Operational Capability units
    • Integration tests for the maritime-strike functionality
    Sources used for this update (2)
    1. thedefensepost.com — US Army Awards Lockheed $1.2B Contract for Maritime-Strike PrSM
    2. www.yahoo.com — 2 massive Pentagon contracts totaling $5.5 billion awarded for missiles and global parts supply
    confidence 100%

  4. Army awards Lockheed Martin $1.2B contract for PrSM Increment 2

    The U.S. Army awarded Lockheed Martin a contract valued between $1.2 billion and $1.21 billion for the Precision Strike Missile (PrSM) Increment 2 system. This award is part of a larger series of defense contracts for the company totaling over $1.3 billion. Market reaction to the announcement included gains in Lockheed Martin stock, which remained near recent highs following the news. The PrSM program is designed to emphasize rapid delivery through proactive risk management.

    Why it matters

    The Precision Strike Missile provides the Army with long-range surface-to-surface capabilities. Increment 2 represents a specific phase of development to enhance the system's effectiveness. Rapid deployment of these assets is a priority for Army modernization.

    What is confirmed

    • The U.S. Army awarded Lockheed Martin a contract for the Precision Strike Missile Increment 2 system.
    • The contract value is reported as $1.2 billion by multiple sources, with some citing $1.21 billion.
    • Lockheed Martin stock gained and held near recent highs following the contract award.

    What to watch next

    • Delivery timelines for the Increment 2 system
    • Integration of PrSM Increment 2 into active Army units
    Sources used for this update (6)
    1. Breaking Defense — Army awards Lockheed $1.2B contract for PrSM Inc 2 system
    2. executivebiz.com — Lockheed Martin Wins $1.2B Army Contract for Precision Strike Missile Increment 2
    3. Investing.com India — Lockheed Martin wins three defense contracts worth over $1.3bn By Investing.com
    4. Ad-hoc-news.de — Lockheed Martin stock gains on $1.21 billion U.S. Army missile contract
    5. DVIDS — News - PrSM PROGRAM EXPEMPLIFIES RAPID DELIVERY THROUGH PROACTIVE RISK
    6. Ad-hoc-news.de — Lockheed Martin stock holds near recent highs after $1.21 billion missile contract
    confidence 95%
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