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Lockheed Martin Increases Production Capacity of Precision Strike Missiles

In a bold initiative aimed at enhancing military readiness, Lockheed Martin has partnered with the Department of War (DoW) to significantly increase the production of Precision Strike Missiles (PrSM). This agreement, hailed as a strategic move to ensure U.S. overmatch against potential adversaries, sets the stage for a dramatic expansion of missile manufacturing capabilities.

Background of the Initiative

On March 25, 2026, Lockheed Martin and the DoW announced this framework agreement which follows a previous contract worth approximately $4.94 billion awarded by the U.S. Army. Together, these actions will effectively quadruple the production capacity of Precision Strike Missiles, a system designed to provide advanced deep-strike capabilities for the U.S. military.

This initiative reinforces the national objective of building a more lethal and resilient fighting force, supported by a robust and advanced industrial base. The new agreement also includes the provision for negotiating a multi-year contract extending up to seven years, contingent upon congressional approval.

Importance of Precision Strike Missiles

The Precision Strike Missile system is intended to replace the Army Tactical Missile System (ATACMS) and comes equipped with enhanced range, lethality, and versatility compared to its predecessor. Following successful operational tests, including its first combat use during Operation Epic Fury on March 4, 2026, the PrSM has proven its worth and readiness for deployment following the U.S. Army's Milestone C approval in July 2025.

Lockheed Martin's Chairman, President, and CEO, Jim Taiclet, stressed the importance of this production ramp-up, stating, "Lockheed Martin delivers the advanced precision fires capabilities the warfighter needs, including the Precision Strike Missile (PrSM), which expands deep-strike capability. We are working closely with the Department of War and the U.S. Army to scale production to meet operational demand and ensure the joint force has the capabilities needed to deter and defeat emerging threats."

Major Investment in Manufacturing

Over the past few years, Lockheed Martin has invested more than $7 billion to expand production capacities for vital systems, including around $2 billion specifically earmarked for munitions production acceleration. This investment strategy has resulted in the expansion of facilities, tooling enhancements, and workforce development, thereby elevating production rates to meet increasing military demands.

Lockheed Martin has established over 115,000 square feet of dedicated operational space in the U.S. for PrSM production, employing more than 400 professionals in support of the initiative. As production capacity increases, the company anticipates the creation of tens of thousands of high-quality, American jobs spanning various sectors including manufacturing, engineering, and skilled trades.

Future Prospects and Implications

This strategic commitment from Lockheed Martin aligns with the broader goals of the U.S. defense sector, focusing on strengthening national security through innovative technologies and manufacturing capabilities. The ramped-up production capacity is not merely a response to immediate military challenges but is also an investment in future military readiness, ensuring U.S. forces remain ahead of emerging threats on the global stage.

Lockheed Martin continues to embody a commitment to pioneering advancements in defense technologies, underscoring its role as a key player in maintaining the United States' position of strength in the evolving landscape of military engagement.

For more information about Lockheed Martin and its initiatives, visit LockheedMartin.com.