International Military Markets & Budgets - North America
Precision Strike Missile (PrSM)

Precision Strike Missile (PrSM)

Source: U.S. Army


U.S. ARMY’S PRECISION STRIKE MISSILE SEES FIRST COMBAT USE IN IRAN
Wednesday, March 4, 2026
Precision Strike Missile (PrSM)

Precision Strike Missile (PrSM)

Source: U.S. Army


WASHINGTON - U.S. Central Command (CENTCOM) announced the first combat deployment of Lockheed Martin’s long-range Precision Strike Missile (PrSM) during strikes against Iranian targets. As part of Operation Epic Fury, video released Wednesday depicted the munitions being launched from M142 High Mobility Artillery Rocket Systems (HIMARS) in desert terrain. The PrSM, which can strike targets from approximately 250 miles away, utilizes GPS navigation and a fragmentation warhead.

The deployment marks a significant milestone for the Army’s acquisition and modernization efforts. Prior to this engagement, the U.S. Army and Lockheed Martin had been working to increase production capacity following successful range testing at White Sands Missile Range in 2025. During those trials, the missile demonstrated both short-range and long-range capabilities when integrated with HIMARS and the M270A2 Multiple Launch Rocket System (MLRS).

The PrSM joins a suite of advanced assets utilized in the ongoing conflict, including Patriot and THAAD anti-ballistic missile systems and the first combat use of LUCAS one-way attack drones. While specific PrSM targets remain undisclosed, the Pentagon reported that Operation Epic Fury has resulted in the destruction of over 2,000 military targets across Iran, including the first U.S. submarine torpedo kill since World War II.

 
U.S. Capitol Building

U.S. Capitol Building

Source: United States Geological Survey


CONGRESS REJECTS MEASURES TO CURB U.S. MILITARY CAMPAIGN IN IRAN
Thursday, March 5, 2026
U.S. Capitol Building

U.S. Capitol Building

Source: United States Geological Survey


WASINGTON - The House of Representatives on Thursday narrowly defeated a bipartisan resolution that would have required President Donald Trump to obtain congressional authorization for military operations against Iran. The 212-219 vote, which saw Republicans joined by a small number of Democrats, follows a similar rejection in the Senate on Wednesday. Together, the votes effectively grant the administration a legislative green light to proceed with its military campaign without immediate congressional constraints.

The back-to-back defeats for the war powers measures come as senior administration officials warn that U.S. military operations are expected to intensify in the coming days. Despite the narrow margin in the House, the result underscores a unified Republican front in support of the President’s foreign policy, even as questions persist regarding the long-term objectives and duration of the conflict.

The focus now shifts to the administration's expected request for tens of billions of dollars in supplemental funding. Lawmakers remain concerned over the rapid depletion of U.S. missile and air defense interceptor stockpiles, a logistical challenge that may become a primary focal point as the heavy bombing campaign continues.

 
Patriot missile launch

Patriot missile launch

Source: U.S. Army


WHITE HOUSE COULD SEEK $50+ BILLION SUPPLEMENTAL BILL TO REPLENISH MUNITIONS
Wednesday, March 4, 2026
Patriot missile launch

Patriot missile launch

Source: U.S. Army


WASHINGTON - President Trump and senior administration officials are scheduled to meet Friday with top defense executives to discuss a massive replenishment of munitions and weaponry expended during the ongoing conflict in Iran. The talks are expected to center on a potential supplemental funding request that could exceed $50 billion, according to sources familiar with the matter. The meeting will reportedly include major defense primes and key contractors responsible for solid rocket motors and missile components.

During the session, administration officials are expected to urge industry leaders to invest private capital to accelerate production lines ahead of formal contract awards. While the administration seeks to ramp up manufacturing, Defense Secretary Pete Hegseth and Gen. Dan Caine, Chairman of the Joint Chiefs, maintained Thursday that current stockpiles remain "extremely strong." They noted a strategic shift in the theater, moving from high-end standoff munitions and Patriot missiles to stand-in precision weapons, such as Joint Direct Attack Munitions (JDAMs) and Hellfire missiles, as U.S. forces gain greater control over Iranian airspace.

The Pentagon reported significant degradation of Iranian capabilities, with theater ballistic missile launches down 86% since the start of hostilities. However, the push for increased funding and production comes amid a partisan divide on Capitol Hill. While Republican leadership expressed confidence in current supply levels, some Democratic lawmakers warned that the conflict is becoming a "math problem," citing Iran’s significant remaining inventory of drones and short-range missiles. Michael Duffey, the Pentagon’s acquisition chief, testified Thursday that while he could not provide a specific dollar value for expended munitions, the department is working to maximize production "as fast as we possibly can."

 

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