Lockheed Martin snags $5 billion US Army missile contract

1. Lockheed Martin secures $4.94 billion Army missile contract. 2. Precision Strike Missile (PrSM) seen as successor to ATACM. 3. PrSM compatible with HIMARS and MLRS platforms. 4. Contract offers flexibility with indefinite delivery structure. 5. Marine Corps and Australian Army also interested in acquiring PrSM.