How much is Lockheed Martin investing in production?

It is investing $300 million to expand manufacturing facilities and accelerate production.

Lockheed Martin Passes PrSM Increment 4 Propulsion Test for 620-Mile Range

Q: Who are Lockheed Martin's competitors in this area?

Key competitors include RTX (RTX) developing a similar missile under the PrSM program, as well as ATACMS and GMLRS systems.

Lockheed Martin announced it has passed a critical propulsion test for the PrSM Increment 4 missile, which aims to achieve a range of 620 miles. The company is also investing $300 million to expand production lines to accelerate deliveries.

June 9, 2026

2 min read

Source: Zacks

Key Numbers

range

620 miles

investment

$300 million

Lockheed Martin (LMT) announced it has successfully completed a critical propulsion test for the PrSM Increment 4, the next-generation long-range precision strike missile. The test validates the new engine design, enabling a range of up to 620 miles (1,000 km), double that of earlier versions.

The Product

The PrSM (Precision Strike Missile) is a tactical surface-to-surface ballistic missile launched from multiple platforms. Increment 4 features enhanced range and accuracy, with improved ability to evade air defenses.

Pricing and Availability

Lockheed Martin has not disclosed unit pricing, but is investing $300 million to expand manufacturing facilities to ramp up production. Mass production is expected to begin in 2027.

Competition

Lockheed faces competition from RTX (RTX), which is developing a similar missile under the PrSM program. Other competing systems include ATACMS and GMLRS.

Potential Impact on the Company

The successful test strengthens Lockheed Martin's position in the tactical missile market and opens the door to new contracts with the U.S. Army and allies, potentially boosting revenues in the missiles and space segment.

Frequently Asked Questions

It is the fourth generation of the Precision Strike Missile, featuring a range of up to 620 miles and enhanced ability to evade air defenses.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.