WASHINGTON — The U.S. Army Contracting Command has awarded Lockheed Martin Corp. a $1.21 billion contract for the Precision Strike Missile (PrSM) Increment 2 Early Operational Capability, advancing the service’s long-range precision fires modernization efforts.
Under the cost-plus-fixed-fee and firm-fixed-price indefinite-delivery/indefinite-quantity agreement, work will be managed out of Grand Prairie, Texas, with an estimated completion date of September 13, 2031. The PrSM Increment 2 program focuses on integrating enhanced targeting and maritime strike capabilities to defeat moving and shielded targets at extended ranges.
| Field | Details |
| Awarding Agency | U.S. Army Contracting Command (Redstone Arsenal, AL) |
| Contractor | Lockheed Martin Corp. (Grand Prairie, TX) |
| Total Contract Value | $1,211,234,988 |
| Program | Precision Strike Missile (PrSM) Increment 2 |
| Estimated Completion | September 13, 2031 |
