The Pentagon has signed a new production agreement with Lockheed Martin to boost manufacturing of Precision Strike Missiles (PrSM), part of a broader push to expand munitions production capacity. BAE Systems and Honeywell Aerospace have also signed framework deals designed to increase munition production over the coming years.
The production surge reflects growing demand for long-range precision fires as the U.S. military adapts to great power competition scenarios. PrSM represents a critical capability for the Army's long-range precision fires modernization priority, designed to strike targets at extended ranges while maintaining accuracy.
The munitions production expansion comes as NATO allies face ammunition shortages highlighted by the conflict in Ukraine. European partners have similarly moved to boost domestic production capacity, with several nations announcing new manufacturing partnerships and facility expansions to reduce dependence on U.S. suppliers.
While specific contract values were not disclosed in the available reporting, the framework agreements represent multi-year commitments to scale production. The deals follow previous Pentagon initiatives to expand the defense industrial base and reduce production bottlenecks that have constrained munitions availability.
Defense analysts note that ramping precision munitions production requires significant lead times for specialized components and materials. The success of these framework agreements will depend on suppliers' ability to secure reliable supply chains and skilled workforce capacity to meet accelerated production schedules.