Raytheon and Northrop Grumman compete for Army's Precision Strike Missile contract.

Raytheon has partnered with Northrop Grumman to develop a future increment of the US Army's Precision Strike Missile (PrSM), after exiting the competition in early 2020. The Army awarded Raytheon a $97.7m contract in February to advance its design for the Long Range Maneuverable Fires program, planned to become the PrSM Increment 4 effort. The two companies will design, build and test the propulsion subsystem for DeepStrike-ER, which they describe as an "advanced missile solution that will demonstrate the capability to achieve the Army's desired range and effectiveness against next-generation threats."