The US Army decided not to provide Raytheon additional funding for the Precision Strike Missile (PrSM) prototyping competition, leaving Lockheed Martin as the only remaining competitor.
The move comes after Raytheon was unable to test fly its PrSM bid, its DeepStrike missile, due to what the company said were "technical issues". Since then, the army and Raytheon had been in discussions to determine if Raytheon could move forward with the prototyping competition.
"The army made a decision not to provide additional funding to Raytheon at this time. Raytheon's current period of performance ended on 20 March," the service's programme manager for Strategic and Operational Rockets and Missiles under the Program Executive Office for Missiles & Space told Jane's .
Raytheon did not immediately respond to a request for comment. However, on 20 March a company spokesperson told Jane's that it had resolved the technical issues that had sidelined flight testing, and was still in talks with the army over how to proceed.
"Raytheon has resolved the technical issue that delayed our planned DeepStrike flight test last November," the spokesperson said at the time. "The company is working with our US Army customer to plan the next steps in the competition for the PrSM programme."
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