The U.S. Army awarded Lockheed Martin a $1.2 billion contract for the first batch of Precision Strike Missiles (PrSM) designed to strike moving maritime targets, the Pentagon announced on Sept. 14. The award covers work on early operational capability munitions for the PrSM Increment 2 variant, which integrates a new seeker capable of engaging mobile targets. Work is expected to be completed by September 2031, according to the Pentagon’s contracts page.
The procurement of the maritime strike PrSM variant was slated to begin within Fiscal Year 2026, according to the Army’s Justification Book covering missile procurement.
PrSM Increment 2 is a ground-launched missile being developed to provide the Army with a long-range, land-based anti-ship capability. The contract marks the first procurement of this specific maritime-strike variant.
Sources: Defence Blog · USNI News