Grand Prairie, Texas, March 27, 2023 – 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.

To reach a significantly extended range with launcher volume constraints, Lockheed Martin’s solution will employ unique design elements and key technologies to address size and endurance challenges.

For additional information, visit our website: www.lockheedmartin.com.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

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