Program · United States · U.S. Army
Precision Strike Missile (PrSM)
Surface-to-surface precision-strike missile for HIMARS and M270A2 launchers.
Updated
ProductionU.S. Army
Timeline6
- 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.
- Contract awardConfirmed
Up to $4.94B production IDIQ
- 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.
- Combat useReported
First combat use (Increment 1)
The Army first used PrSM Increment 1 in combat in March 2026 during the conflict with Iran.
- Contract awardReported
$8.4B production modification through FY2032
- Contract awardReported
Increment 2 early operational capability contract
Program and variant milestones. Dates show only the precision the sources give.
Cost to the Government$7.03B total acquisition
| Measure | Amount | Source |
|---|---|---|
| Program totals · 4 | ||
| Total acquisition costGAO-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. | $7.68BBY2025 $ · 4,021 units | Weapon 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 · figure Aug 2024 |
| Total acquisition costArmy 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. | $7.025BThen-year $ · 3,550 units | Army FY 2027 Budget Estimates: Missile Procurement, Army Justification Book U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller) |
| Annual RDT&E fundingMissiles & Munitions · PrSM. Annual research, development, test and evaluation funding in the March 2024 budget presentation; FY2024 and FY2025 are request figures. Not a lifetime R&D total or actual expenditure. | $184M / yrNominal $; source budget basis | FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2025 · FY2025 budget book |
| Baseline gross procurement requestBaseline subprogram total includes support beyond recurring production. | $65.582MNominal $; source budget basis | FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 |
| Unit costs · 3 | ||
| Unit cost (PAUC)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. | $2MBY2025 $ | Weapon 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 · figure Aug 2024 |
| Unit cost (per round)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. | $1.551MThen-year $ · 664 units | Army FY 2027 Budget Estimates: Missile Procurement, Army Justification Book U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller) |
| Baseline recurring production / missileP-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher. | $1.622MNominal $; source budget basis | FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 request |
| Quantities · 2 | ||
| Baseline missile purchase requestC29850 baseline subprogram only; excludes other PrSM increments. P-5a anticipated first delivery in March 2029, not fielding in FY2026. | 35U.S. only; stated source scope | FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 |
| U.S. inventoryA current U.S. inventory was not established. Annual procurement, cumulative deliveries and production capacity are not a stockpile count. | Not established | — |
| Operating costs · 1 | ||
| Annual operations & supportA complete, system-specific annual operating and support cost was not established. Procurement, replacement rounds and contract support are different measures. | Not established | — |
Program totals · 4
- Total acquisition costGAO-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.Weapon 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 · figure Aug 2024$7.68BBY2025 $ · 4,021 units
- Total acquisition costArmy 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.Army FY 2027 Budget Estimates: Missile Procurement, Army Justification Book U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller)$7.025BThen-year $ · 3,550 units
- Annual RDT&E fundingMissiles & Munitions · PrSM. Annual research, development, test and evaluation funding in the March 2024 budget presentation; FY2024 and FY2025 are request figures. Not a lifetime R&D total or actual expenditure.FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2025 · FY2025 budget book$184M / yrNominal $; source budget basis
- Baseline gross procurement requestBaseline subprogram total includes support beyond recurring production.FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026$65.582MNominal $; source budget basis
Unit costs · 3
- Unit cost (PAUC)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.Weapon 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 · figure Aug 2024$2MBY2025 $
- Unit cost (per round)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.Army FY 2027 Budget Estimates: Missile Procurement, Army Justification Book U.S. Army, Assistant Secretary of the Army (Financial Management and Comptroller)$1.551MThen-year $ · 664 units
- Baseline recurring production / missileP-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher.FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 request$1.622MNominal $; source budget basis
Quantities · 2
- Baseline missile purchase requestC29850 baseline subprogram only; excludes other PrSM increments. P-5a anticipated first delivery in March 2029, not fielding in FY2026.FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY202635U.S. only; stated source scope
- U.S. inventoryA current U.S. inventory was not established. Annual procurement, cumulative deliveries and production capacity are not a stockpile count.Source not recordedNot established
Operating costs · 1
- Annual operations & supportA complete, system-specific annual operating and support cost was not established. Procurement, replacement rounds and contract support are different measures.Source not recordedNot established
Earlier observations · 5
Superseded estimates and prices, each in its original scope and dollar basis.
| Measure | Amount | Source |
|---|---|---|
| Program totals · 3 | ||
| Annual RDT&E funding1 | $250M / yrNominal $; source budget basis | FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2023 · FY2025 budget book |
| Annual RDT&E funding1 | $272.8M / yrNominal $; source budget basis | FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2024 · FY2025 budget book |
| Annual RDT&E funding1 | $184M / yrNominal $; source budget basis | FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2025 · FY2025 budget book |
| Unit costs · 2 | ||
| Baseline recurring production / missile2 | $1.611MNominal $; source budget basis | FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2025 · PB2026 estimate |
| Baseline recurring production / missile2 | $1.622MNominal $; source budget basis | FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 request |
Program totals · 3
- Annual RDT&E funding1FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2023 · FY2025 budget book$250M / yrNominal $; source budget basis
- Annual RDT&E funding1FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2024 · FY2025 budget book$272.8M / yrNominal $; source budget basis
- Annual RDT&E funding1FY2025 Program Acquisition Costs by Weapon System DoD Comptroller · Mar 2024 · figure FY2025 · FY2025 budget book$184M / yrNominal $; source budget basis
Unit costs · 2
- Baseline recurring production / missile2FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2025 · PB2026 estimate$1.611MNominal $; source budget basis
- Baseline recurring production / missile2FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025 · figure FY2026 request$1.622MNominal $; source budget basis
1Missiles & Munitions · PrSM. Annual research, development, test and evaluation funding in the March 2024 budget presentation; FY2024 and FY2025 are request figures. Not a lifetime R&D total or actual expenditure.
2P-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher.
| Fiscal year | Appropriation | Request | Enacted | Qty | Budget line | Source |
|---|---|---|---|---|---|---|
| FY2027 | RDT&E | $288M | — | — | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2027 | Procurement | $1.93B | — | 1,134 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2027 | Total | $2.22B | — | 1,134 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2026 | RDT&E | $197M | $197M | — | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2026 | Procurement | $364M | $547M | 108 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2026 | Total | $561M | $744M | 108 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2027 Budget Request Office of the Under Secretary of War (Comptroller) · Apr 21, 2026 |
| FY2025 | RDT&E | — | $184M | — | — | Program Acquisition Cost by Weapon System: Fiscal Year 2026 Budget Request Office of the Under Secretary of War (Comptroller) |
| FY2025 | Procurement | — | $458M | 230 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2026 Budget Request Office of the Under Secretary of War (Comptroller) |
| FY2025 | Total | — | $642M | 230 | — | Program Acquisition Cost by Weapon System: Fiscal Year 2026 Budget Request Office of the Under Secretary of War (Comptroller) |
Keep increments and delivery years separate
The budget records a baseline production quantity and separate program work. The requested purchase year precedes planned deliveries; neither establishes the current operational stockpile.
FY2026 Missile Procurement, Army: P-40, P-5 and P-5a exhibits U.S. Army · Jun 2025
Contracts & purchasing · 1
Ceilings, options and purchase agreements are not spending and are never added together. Obligations are under Contracts.
| Buyer → seller | Status | Value | Qty | Source |
|---|---|---|---|---|
| U.S. Army → Lockheed MartinOrdering capacity, not obligations or a fixed quantity. The announcement does not establish a per-round price. | IDIQ ceiling | $4.94B | — | PrSM production IDIQ, up to $4.94B Lockheed Martin · figure Mar 31, 2025 |
Open research: Current U.S. inventory and complete annual operating-and-support costs require additional public evidence. Buyer records are selected examples, not a complete global order book. The displayed R&D reference is annual funding or a specified multi-year request window, not a verified lifetime total. Additional primary-source international purchase and delivery records remain to be reviewed.
What the government budgets and pays for this program, from budget justification books, appropriations, acquisition reports and contract announcements. Each figure states its dollar basis. What contractors were obligated is under Contracts.
Contracts$2.79B obligated since FY2008
Contractors1
- Lockheed Martin$2.79B 100%
Awards6
- Lockheed MartinM-CODE GUIDANCE SET - PRECISION STRIKE MISSILE (PRSM)U.S. Army · Delivery Order · Jun 8, 2026$28.0Mobligated · up to $153M ceiling
- Lockheed MartinPRECISION STRIKE MISSILE (PRSM) 600 RATE TOOLINGU.S. Army · Delivery Order · Apr 17, 2026$184Mobligated · up to $184M ceiling
- Lockheed MartinPRECISION STRIKE MISSILE (PRSM) FOR FISCAL YEAR 2026, FULL RATE PRODUCTION LOT 1U.S. Army · Delivery Order · Mar 31, 2026$539Mobligated · up to $539M ceiling
- Lockheed MartinPRECISION STRIKE MISSILE EARLY OPERATIONAL CAPABILITY- 5 DELIVERY ORDERU.S. Army · Delivery Order · Mar 28, 2025$788Mobligated · up to $812M ceiling
- Lockheed MartinPRECISION STRIKE MISSILE (PRSM) EARLY OPERATIONAL CAPACITY (EOC) LOT 3U.S. Army · Definitive Contract · Sep 29, 2023$580Mobligated · up to $580M ceiling
- Lockheed MartinPRECISION STRIKE MISSILE (PRSM) ENGINEERING AND MANUFACTURING DEVELOPMENT (EMD)U.S. Army · Definitive Contract · Apr 29, 2021$671Mobligated · up to $774M ceiling
Obligations are signed USAspending prime-contract actions coded to this program, FY2008 to date, credited to the company that received each action. Obligations are money committed, not company revenue.