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Lockheed plans Precision Strike Missile production boost
Lockheed Martin intends to quadruple its production of Precision Strike Missiles (PrSM) following the missile’s first-ever use in the Iran war. This comes amid scrutiny over its deployment and questions regarding the U.S. military’s production capacity. The company, in collaboration with the Defense Department, is investing in tooling and facility upgrades to increase output and may pursue a multiyear contract.