M142 HIMARS
FieldedGround vehicle
Compatible load: two PrSM rounds. Does not imply every legacy launcher has received all required updates.
Link Confirmed
Missile · Land
Precision Strike Missile (PrSM)
Surface-to-surface precision-strike missile for HIMARS and M270A2 launchers.
Limited fieldingMissileLandContract awardSep 14, 2026
- Milestones6
- Operators—
- Components1
- Programs—
- Capabilities—
- Inputs—
Milestones20232026
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
The latest 10 milestones. 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.
In Service
- Combat use
- Documented · First combat use (Increment 1) (Mar 2026)
Cost to the Government
Missiles · Lockheed Martin
Precision Strike Missile (PrSM)
Baseline recurring-production estimates and a production-contract ceiling, with future deliveries kept separate from fielded inventory.
Baseline recurring production / missile
$1.622M
FY2026 request · Nominal USD; source budget basis
P-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher.
U.S. Army ↗U.S. inventory
Not verified
A current U.S. inventory was not established. Annual procurement, cumulative deliveries and production capacity are not a stockpile count.
Baseline missile purchase request
35
FY2026 · U.S. only; stated source scope
C29850 baseline subprogram only; excludes other PrSM increments. P-5a anticipated first delivery in March 2029, not fielding in FY2026.
U.S. Army ↗Annual RDT&E funding
$184M / yr
FY2025 · FY2025 budget book · Nominal USD; source budget basis
Missiles & 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.
DoD Comptroller ↗Cost & funding breakdown
Baseline gross procurement request
$65.582M
FY2026 · Nominal USD; source budget basis
Baseline subprogram total includes support beyond recurring production.
U.S. Army ↗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.
Operations & sustainment
Annual operations & support
Not verified
A complete, system-specific annual operating and support cost was not established. Procurement, replacement rounds and contract support are different measures.
Cost over time · 5 observations
Each row retains its original scope and dollar basis. Changing quantities, service life and inflation can change the estimate without changing the price of building one unit.
| Observation | Measure | Amount | Dollar basis | Evidence |
|---|---|---|---|---|
| FY2025 · PB2026 estimate | Baseline recurring production / missile P-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher. | $1.611M | Nominal USD; source budget basis | U.S. Army ↗ |
| FY2026 request | Baseline recurring production / missile P-5 C29850 PrSM Baseline recurring-production line. Excludes other increments and program support; nominal budget estimate, not the price of a complete launcher. | $1.622M | Nominal USD; source budget basis | U.S. Army ↗ |
| FY2023 · FY2025 budget book | Annual RDT&E funding Missiles & 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. | $250M / yr | Nominal USD; source budget basis | DoD Comptroller ↗ |
| FY2024 · FY2025 budget book | Annual RDT&E funding Missiles & 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. | $272.8M / yr | Nominal USD; source budget basis | DoD Comptroller ↗ |
| FY2025 · FY2025 budget book | Annual RDT&E funding Missiles & 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 / yr | Nominal USD; source budget basis | DoD Comptroller ↗ |
Contracts & purchasing · 1 records
Award values, ceilings and purchase agreements have different meanings. These records are not added together as total spending.
2025-03-31 · IDIQ ceiling
U.S. Army → Lockheed Martin
$4.94B · quantity not established
Ordering capacity, not obligations or a fixed quantity. The announcement does not establish a per-round price.
Lockheed Martin ↗
Connected missiles & systems
Launcher and munition
M270A2 Multiple Launch Rocket System
M270 family compatibility; configuration and modernization requirements vary by munition.
Lockheed Martin ↗
International buyers
No international purchase documented in this review.
Coverage & 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.
- Total acquisition costConfirmed$7.03BThen-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.
Source - Total acquisition costEstimated$7.68BEstimate / 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.
Source - Unit cost (per round)Confirmed$1.6MThen-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.
Source - Unit cost (PAUC)Estimated$2.0MEstimate / 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.
Source
| Fiscal year | Appropriation | Request | Enacted | Qty | Budget line | Source |
|---|---|---|---|---|---|---|
| FY2027 | RDT&E | $288M | — | — | — | SourceConfirmed |
| FY2027 | Procurement | $1.93B | — | 1,134 | — | SourceConfirmed |
| FY2027 | Total | $2.22B | — | 1,134 | — | SourceConfirmed |
| FY2026 | RDT&E | $197M | $197M | — | — | SourceConfirmed |
| FY2026 | Procurement | $364M | $547M | 108 | — | SourceConfirmed |
| FY2026 | Total | $561M | $744M | 108 | — | SourceConfirmed |
| FY2025 | RDT&E | — | $184M | — | — | SourceConfirmed |
| FY2025 | Procurement | — | $458M | 230 | — | SourceConfirmed |
| FY2025 | Total | — | $642M | 230 | — | SourceConfirmed |
Unit costs and contract unit prices for this system, 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.