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The US Army has awarded Lockheed Martin a US$4.94 billion (AU$7.90 billion) indefinite delivery, indefinite quantity (IDIQ) contract to produce additional Precision Strike Missiles (PrSM).
The IDIQ contract will significantly ramp up production of the US Army’s Precision Strike Missile (PrSM), ensuring the delivery of next-generation long-range capabilities to meet rising demand.
The new contract allows the Army to order PrSM units with greater efficiency, boosting production capacity at a time when advanced deterrent technology is in high demand.
“Lockheed Martin is committed to delivering this deterrent capability in support of the Army’s vision for a lethal and resilient force,” said Carolyn Orzechowski, vice president of precision fires launchers and missiles at Lockheed Martin. “Our team remains focused on advancing production at speed and scale, ensuring the warfighter receives this critical capability to maintain peace through strength.”
A key factor in this achievement is Lockheed Martin’s adoption of cutting-edge digital tools, including augmented reality, ARISE advanced modelling and simulation, data analytics, and an integrated software factory. These tools are driving innovation in the development process, improving both quality and performance while making the missile easier to produce.
The PrSM missile, now a pressure-tested capability, is designed to neutralise targets over 400 kilometres away, making it a cornerstone of the US Army’s modernisation efforts.
Developed over several years of rigorous testing and refinement, the missile features an open systems architecture and modular design that allows for future upgrades and ensures compatibility with platforms such as HIMARS and the Multiple Launch Rocket System (MLRS).
This contract award reaffirms Lockheed Martin’s commitment to delivering innovative, combat-proven solutions. The development and fielding of the PrSM missile mark a significant milestone in enhancing long-range precision strike capabilities, ensuring that the US Army stays ahead of emerging threats in an increasingly complex security environment.
