"The U.S. Army’s Aviation and Missile Center has selected
Lockheed Martin (NYSE: LMT) to develop an advanced propulsion Long Range
Maneuverable Fires (LRMF) missile. The missile can be fired from
existing Army launchers to defeat distant threats at ranges that
significantly exceed those of the PrSM baseline.
“Lockheed Martin is partnering with the U.S. Army to give soldiers a
decisive edge on the battlefield by extending their reach,” said Steven
Botwinik, vice president of Advanced Programs Execution and Transition
at Lockheed Martin Missiles and Fire Control. “With half a century of
expertise integrating advanced propulsion systems and supporting the
Army’s precision fires ecosystem, we are ready to develop a solution
that significantly extends PrSM’s range.”
Phase 1 focuses on design and risk-reduction activities, with
optional follow-on phases leading to flight test demonstration.
Following flight tests, LRMF will transition to the U.S. Army’s
Strategic and Operational Rockets and Missiles (STORM) project office to
inform the design of an extended-range Precision Strike Missile (PrSM)
Increment (Inc.) 4.
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