US Armys Precision Strike Missile moves into production phase after test successes
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Defence Insight
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- Total addressable market sizing ($)
- Competitor analysis
- Cost analysis
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- Growth identification
- Increasing closing ratio
- Increasing closing order value
- Estimating product potential
- Calculating sales forecasting
- Supply and demand analysis
Description
Lockheed Martin's PrSM weapon has entered production following a series of test successes in the past eight months which included limited user test, production qualification test and extended range flight capability test. Lockheed Martin has also been awarded an indefinite-delivery, indefinite-quantity (ID/IQ) contract worth up to US$4.9 billion.
PrSM Increment 1 programme achieved Milestone C approval on July 2, marking the movement into the Production and Deployment phase for PrSM Increment 1. The Increment 1 variant will replace the Army Tactical Missile System (ATACMS), delivering increased range and lethality to army field artillery formations.
This variant of the
PrSM Increment 1 programme achieved Milestone C approval on July 2, marking the movement into the Production and Deployment phase for PrSM Increment 1. The Increment 1 variant will replace the Army Tactical Missile System (ATACMS), delivering increased range and lethality to army field artillery formations.
This variant of the
