US Army Rewards Lockheed Martin $1.2 Billion Contract for Short Range Ballistic Missiles

From [HERE] The U.S. Army awarded Lockheed Martin a $1.2 billion contract for its short-range ballistic missiles.

The indefinite-delivery, indefinite-quantity contract covers initial production and future orders of Increment 2 of the Precision Strike Missile, or PrSM, according to a Lockheed Martin announcement.

“This award marks an important step in delivering PrSM Increment 2 to the warfighter,” Dave Griser, Lockheed Martin vice president for precision fires, said in the announcement. “We’re ready to move from flight testing into production and provide the Army with an expanded long-range precision fires capability.”

PrSM is intended to replace the Army Tactical Missile System, first fielded in the early 1990s. It has a range of about 500 kilometers, versus about 300 kilometers for the ATACMS. PrSM can be launched from the M142 High Mobility Artillery Rocket System and the M270 Multiple Launch Rocket System. [MORE]