Army looks to quadruple procurement for Precision Strike Missile in 2027
The Trump administration’s budget request for fiscal 2027 calls for significant funds to increase stockpiles of a long-range Army missile that’s been used during the United States’ ongoing war with Iran.
Recently released budget documents show that the Army is asking for nearly $2 billion to purchase more Precision Strike Missiles (PrSM) in FY27 — nearly four-times the amount that Congress allocated in fiscal 2026, which was $546 million.
Funding is split between the Army’s base budget and future supplemental dollars, as $692 million of the service’s request banks on lawmakers passing another reconciliation package in the future.
Developed by Lockheed Martin, the PrSM was first fielded in 2023 and made its combat debut in March during the opening days of Operation Epic Fury. The current variation, known as Increment 1, is a surface-to-surface ballistic missile that can strike targets up to 500 kilometers away.
The request comes amid concerns that the Defense Department’s operations in the Middle East are draining weapon stockpiles. The PrSM was initially designed for long-range combat in the Indo-Pacific, and experts have warned that overly expending the munitions now could leave the U.S. vulnerable in that region.
The issue surrounding arsenal depth is not lost on officials, however. In March, the Defense Department secured a slew of major deals with prime contractors to ramp up munition production in the coming years, including an agreement with Lockheed Martin to reduce production lead timelines for PrSM Increment 1. The company had previously received a $4.9 billion indefinite-delivery, indefinite-quantity contract in 2025 to boost production.
It’s not immediately clear whether the request to increase procurement funding in FY27 is a direct result of the recent deal between the Pentagon and Lockheed Martin.
If Congress approves the Army’s request, it would purchase 1,134 PrSMs in FY27 for a total of about $1.9 billion, spending roughly $1.7 million per unit.
Overall, the Army’s budget request for new missiles across its portfolio saw a jump to more than $35 billion, up from about $6.5 billion received in FY26. Along with the PrSM, the service is looking to shore up stockpiles of Terminal High Altitude Area Defense (THAAD) systems, the M142 High Mobility Artillery Rocket System (HIMARS) and the Mid-Range Capability.
