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Lockheed Martin Answers the Nation's Call and Quadruples Precision Strike Missile Production
Lockheed Martin and the Department of War have formed an agreement to quadruple the production capacity of Precision Strike Missiles (PrSM), building on a previous $4.94 billion contract with the U.S. Army. This initiative aims to enhance the U.S. military’s deep-strike capabilities and strengthen the industrial base, with PrSM recently used in combat for the first time. The company has invested over $7 billion since 2017 to expand its production capacity for critical systems, including munitions.