Army commits $8 billion in its modernization plan for Precision Strike Missile

By Jason Sherman / October 5, 2022 at 1:23 PM
The Army has staked out an $8 billion place in its modernization portfolio to buy nearly 4,000 rounds of the Precision Strike Missile, according to a report that details for the first time in a public document the program's full cost and scope. In a first-ever Selected Acquisition Report for PrSM , the Army reported to Congress last month the total estimated development cost for the new Lockheed Martin-built missile to be slightly more than $1 billion; planned procurement will...

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