Lockheed Martin Corporation
03/25/2026 | Press release | Distributed by Public on 03/25/2026 10:07
Lockheed Martin and the U.S. Department of War Further Expand PrSM Production
Lockheed Martin and the U.S. Department of War Further Expand PrSM Production
March 25, 2026
Lockheed Martin is moving swiftly to accelerate delivery of critical munitions with a new framework agreement signed with the Department of War (DoW) to rapidly increase production of Precision Strike Missile (PrSM). Under this new agreement, PrSM production will quadruple, building on a previous $4.94 billion contract award from the U.S. Army last year.
The Strategic Imperative ___
Lockheed Martin is providing a decisive edge to joint forces and mobilizing the full potential of tech to build the Arsenal of Freedom. While dramatically accelerating production of this critical munition and leveraging next-generation technologies, this supports the warfighter against adversaries.
Designed to succeed the legacy Army Tactical Missile System (ATACMS), PrSM delivers extended range, improved lethality and platform versatility. The system is enabled by mission integration and digital engineering across industry and government. In July 2025, the Army granted Milestone C approval for PrSM, signaling readiness for full production and deployment.
Ramping Production and Increasing American Jobs ___
Lockheed Martin is well positioned to deliver on this ramp. Overall, there is 115,5000 square feet of production space for PrSM in Camden, Ark., and currently there are 400 employees who work on the program.
On March 4, U.S. Central Command confirmed that long-range PrSM was used in combat for the first time during Operation Epic Fury, marking the system's operational debut and demonstrating expanded deep-strike capability.
Acquisition Transformation ___
To meet growing demand, Lockheed Martin was the first in the industry to announce a framework agreement for munitions acceleration under the DoW's Acquisition Transformation Strategy, tripling production capacity of the combat-proven PAC-3® Missile Segment Enhancement (MSE) interceptor and a second agreement to quadruple the production capacity of Terminal High Altitude Area Defense (THAAD) interceptors.
"Lockheed Martin delivers the advanced precision fires capabilities the warfighter needs, including the Precision Strike Missile, which expands deep-strike capability," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "We are working closely with the Department of War and the U.S. Army to scale production to meet operational demand and ensure the joint force has the capabilities needed to deter and defeat emerging threats."
Future Outlook and Next Steps ___
Lockheed Martin is planning a multibillion-dollar investment over the next three years to expand production and build and modernize more than 20 facilities in Arkansas, Alabama, Florida, Massachusetts and Texas. This includes upgrading existing facilities and incorporating advanced manufacturing techniques, production lines, tooling and plant layouts to meet urgent production demand.
PrSM is the next generation of precision-strike, surface-to-surface weapon systems that support deterrence and deliver enhanced capabilities for neutralizing targets at depth.
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