Lockheed Martin, DoW to accelerate production of Precision Strike Missiles

In a decisive move to guarantee American overmatch against any adversary, Lockheed Martin (LMT) and the Department of War announced a framework agreement to accelerate the production of Precision Strike Missiles. The agreement builds on a previous $4.94B contract award from the U.S. Army last year and together, these actions will quadruple PrSM production capacity. This initiative directly supports the national imperative to build a more lethal, resilient and ready fighting force, backed by a stronger, advanced industrial base. The agreement includes the ability to negotiate a multi-year contract up to seven years, should Congress grant multi-year authority, contingent upon future congressional authorization.