Dynamic large-strain plasticity problems in metals can produce temperatures high enough to alter the microstructure, but the limited time-at-temperature prevents complete transformation, thereby making the material strength time-dependent. Precipitation reactions (age-hardening) are an important class of transformations that can create time-dependent dynamic plasticity under rapid heating and loading. This work explores the dynamic behavior of a precipitation-hardenable stainless steel (17-4) produced by wrought and Additive Manufacturing (AM) methods with a rapidly-heated Kolsky bar technique. Wrought 17-4, a martensitic stainless steel, is examined in three common heat treatments (solution-treated, peak-aged and over-aged) at temperatures up to 1000 °C and heating times limited to about three seconds. Solution-treated wrought 17-4 is observed to thermally-harden at aging temperatures (> 400 °C) due to rapid precipitate growth. Peak-aged precipitation strengthening becomes ineffective above 550 °C, as peak-aged material becomes indistinguishable from the solution treated-condition. Over-aged wrought 17-4 does not behave like either of the other conditions, owing to the effect of the extended heat treatment on the precipitates and on the martensite matrix. Stress-relieved AM 17-4 exhibits high dynamic strength and strain hardening at room-temperature due to its meta-stable austenite content and partial age-hardening during the build or stress-relief treatment. A plasticity model is developed for solution-treated wrought 17-4 that captures time-dependent aging effects that are derived from separate aging kinetics experiments. A separate model is developed for over-aged wrought 17-4 that contains no time-dependence as the precipitate population in this material appears to be more stable under rapid heating.