Lockheed Martin pushes long-range missile development while Patriot interceptor output lags

On June 3, 2026, Lockheed Martin, together with L3Harris Technologies and the U.S. Army, completed a key propulsion test for the Precision Strike Missile (PrSM) Increment 4. The test demonstrated the missile’s transition from a booster engine to a ramjet, validating a system that is expected to achieve a range beyond 620 miles (1,000 km) and remain compatible with existing HIMARS and M270 launchers. To support production, the companies have invested more than $300 million in additive manufacturing and automation.

Separately, Lockheed Martin is bound by a $4.7 billion Pentagon contract to raise annual production of Patriot PAC‑3 missile interceptors from 650 to over 2,000 units by 2033. The firm now reports significant delays caused by global shortages of electronic components such as microchips, supply‑chain disruptions in China, Southeast Asia and Europe, and heightened geopolitical tensions. These setbacks threaten delivery schedules for NATO, Middle Eastern and Asia‑Pacific allies, prompting some nations to explore alternative suppliers or indigenous solutions.