The Army has formally ratcheted up the range requirement from 300 kilometers to 400 kilometers for a next-generation ballistic missile called the Precision Strike Munition (PrSM), the focus of a $2.8 billion competition between Lockheed Martin and Raytheon to build thousands as part of a follow-on to the Army Tactical Missile System program. In December, the Army -- which has stated a desired capability for the new weapon to strike targets as far away as 499 kilometers -- adjusted the...