[4] In 2009, the American company AirTronic USA revealed their modernized version of the RPG-7, named the RPG-7USA, which was later developed into the PSRL-1.

The weapon was a Program of Record in the United States Special Operations Command by 2015, and the PSRL-1 entered production by mid-2016, with one of its first pre-commercial debut seen in Cinemax show, Banshee.

[8] The PSRL-1 is made of 4140/4150 ordnance-grade steel for a 1,000-round lifespan, weighs 14 lb (6.35 kg) unloaded and without optics, and can separate into two pieces for compact carry.

Improvements have been made focusing on the fuzing, reliability, robustness, and manufacturing quality per United States Department of Defense standards.

The inert warheads of training variants are filled with marking compound so that the impact of the round can be observed from afar.