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Missile · Land

Precision Strike Missile (PrSM)

Surface-to-surface precision-strike missile for HIMARS and M270A2 launchers.

by Lockheed Martin

Limited fieldingMissileLandContract awardSep 14, 2026
A Precision Strike Missile launching from an M142 HIMARS during a limited user test

Photo: U.S. Army photo by Darrell Ames · Public domain (PD-USGov-Military-Army)

Milestones20232026
  1. MilestoneArmy announces initial PrSM Increment 1 delivery, confirmed
  2. Contract awardUp to $4.94B production IDIQ, confirmed
  3. MilestoneGAO assessment: PrSM testing and production progress, confirmed
  4. Combat useFirst combat use (Increment 1), reported
  5. Contract award$8.4B production modification through FY2032, reported
  6. Contract awardIncrement 2 early operational capability contract, reported

Timeline6

  1. MilestoneConfirmed

    Army announces initial PrSM Increment 1 delivery

    The Army announced initial delivery of Early Operational Capability missiles following November qualification testing. This is the announcement date; the handover date is unspecified.

    SourcesU.S. Army

  2. Contract awardConfirmed

    Up to $4.94B production IDIQ

    Award: PrSM production IDIQ (up to $4.94B ceiling)

    SourcesLockheed Martin

  3. MilestoneConfirmed

    GAO assessment: PrSM testing and production progress

    GAO’s June 2025 assessment covers the first two PrSM increments. The August 2024 estimate includes 4,021 missiles: 3,986 procurement and 35 development. The Army reported 26 early operational missiles delivered as of January 2025. Initial operational capability for Increment 1 remained a fiscal 2026 target; GAO reported manufacturing-related schedule delays. See report pp. 111–112.

    SourcesU.S. Government Accountability Office

  4. Combat useReported

    First combat use (Increment 1)

    The Army first used PrSM Increment 1 in combat in March 2026 during the conflict with Iran.

    SourcesBreaking Defense

  5. Contract awardReported

    $8.4B production modification through FY2032

    Award: PrSM production contract modification through FY2032 (up to $8.40B ceiling)

    SourcesDefence Blog

  6. Contract awardReported

    Increment 2 early operational capability contract

    Award: PrSM Increment 2 early operational capability (up to $1.20B ceiling)

    SourcesBreaking Defense

Solid entries are confirmed, outlined reported, dashed estimated or still to come; dotted italic entries are speculative. Dates show only the precision the sources give.

Used in1

Cost to the government

  • Total acquisition costConfirmed
    $7.03B
    Then-year $ · 3,550 units

    Army procurement only (P-40 'Total' column: prior years through FY2031, 3,550 missiles, $7,025.122M gross weapon system cost); excludes RDT&E. FY2027 budget books.

    U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller)
  • Total acquisition costEstimated
    $7.68B
    Estimate / observation: 2024-08 · BY2025 $ · 4,021 units

    GAO-25-107569 printed p. 111 (PDF p. 121); estimate dated 2024-08, expressed in constant FY2025 dollars. Visually transcribed from the program performance graphic, whose amounts are in millions. Historical estimate, not a current price or contract award. Total covers development and procurement quantities.

    U.S. Government Accountability Office
  • Unit cost (per round)Confirmed
    $1.6M
    Then-year $ · 664 units

    FY 2027 request, P-5 PrSM Baseline (Increment 1) recurring production unit cost $1,551.131K for 664 missiles (FY2025 $1,343.118K for 338; FY2026 $1,725.417K for 108). PrSM Increment 2 FY2027: $5,170.563K for 16.

    U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller)
  • Unit cost (PAUC)Estimated
    $2.0M
    Estimate / observation: 2024-08 · BY2025 $

    GAO-25-107569 printed p. 111 (PDF p. 121); estimate dated 2024-08, expressed in constant FY2025 dollars. Visually transcribed from the program performance graphic, whose amounts are in millions. Historical estimate, not a current price or contract award. Program acquisition unit cost (PAUC); GAO methodology p. 197 divides program cost by total quantities. Report-rounded value, not flyaway or procurement unit price.

    U.S. Government Accountability Office
Budget by fiscal year
Fiscal yearAppropriationRequestEnactedQtyBudget lineSource
FY2027RDT&E$288M———Office of the Under Secretary of War (Comptroller)Confirmed
FY2027Procurement$1.93B—1,134—Office of the Under Secretary of War (Comptroller)Confirmed
FY2027Total$2.22B—1,134—Office of the Under Secretary of War (Comptroller)Confirmed
FY2026RDT&E$197M$197M——Office of the Under Secretary of War (Comptroller)Confirmed
FY2026Procurement$364M$547M108—Office of the Under Secretary of War (Comptroller)Confirmed
FY2026Total$561M$744M108—Office of the Under Secretary of War (Comptroller)Confirmed
FY2025RDT&E—$184M——Office of the Under Secretary of War (Comptroller)Confirmed
FY2025Procurement—$458M230—Office of the Under Secretary of War (Comptroller)Confirmed
FY2025Total—$642M230—Office of the Under Secretary of War (Comptroller)Confirmed

Unit costs and contract unit prices for this product, and budget figures for the programs that buy it. Each figure states its dollar basis and links its source; contract values are under Programs & awards.

Programs & awards3 awards

Linked awards3

All awards →

In service

Combat use
Documented · First combat use (Increment 1) (Mar 2026)

Sources9

  1. 1.
    NewsArmy awards Lockheed $1.2B contract for PrSM Inc 2 system

    Breaking Defense · Sep 15, 2026 · Supports: Government award · ceiling usd, System · combat use, System milestone

    “The Army has awarded Lockheed Martin a $1.2 billion contract for the company’s “early operational capability” Precision Strike Missile (PrSM) Increment 2 system”
  2. 2.
    NewsUS Army’s $8.4B contract locks in PrSM production through 2032

    Defence Blog · Jun 24, 2026 · Supports: Government award · ceiling usd, System milestone

    “The U.S. Army awarded Lockheed Martin an $8.4 billion contract modification on June 23, 2026, bringing the total PrSM contract value to $13.3 billion through September 2032.”
  3. 3.
    Government recordWeapon Systems Annual Assessment: DOD Leaders Should Ensure That Newer Programs Are Structured for Speed and Innovation — p. 111

    U.S. Government Accountability Office · Jun 11, 2025 · Supports: Cost, System milestone

    “$7,680”
  4. 4.
    CompanyU.S. Army Awards Lockheed Martin Up to $4.94 Billion for PrSM Production

    Lockheed Martin · Mar 31, 2025 · Supports: Government award · ceiling usd, System milestone

    “The U.S. Army has awarded Lockheed Martin (NYSE: LMT) an indefinite delivery indefinite quantity (IDIQ) contract worth up to $4.94 billion to produce additional Precision Strike Missiles (PrSM)”
  5. 5.
    Government recordArmy announces first Precision Strike Missiles delivery

    U.S. Army · Dec 8, 2023 · Supports: System, System milestone

    “The U.S. Army announced today the initial delivery”
  6. 6.
    Government recordProgram Acquisition Cost by Weapon System: Fiscal Year 2026 Budget Request

    Office of the Under Secretary of War (Comptroller) · Supports: Cost · amount

    “Precision Strike Missile (PrSM) ... Qty 230 230 $M 184.0 457.5 641.6 FY”
  7. 7.
    Government recordProgram Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request

    Office of the Under Secretary of War (Comptroller) · Supports: Cost · amount

    “Precision Strike Missile (PrSM) ... 108 108 546.5 546.5 743.7 680 680 680”
  8. 8.
    Government recordArmy FY 2027 Budget Estimates: Missile Procurement, Army Justification Book

    U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller) · Supports: Cost · amount

    “Recurring Production(†) 1,859.250 648 1,204.794 1,343.118 338 453.974 1,725.417 108 186.345 1,551.131 664 1,029.951”
  9. 9.
    CompanyHIMARS

    Lockheed Martin · Supports: System

    “HIMARS carries a six-pack of GMLRS rockets, two Precision Strike Missiles (PrSM) or one ATACMS missile”

Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.