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Air Force

Air Force Awards $449 Million To Lockheed Martin For JASSM

Defense Daily Staff

Thursday, January 9th, 2014

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Air Force Awards $449 Million To Lockheed Martin For JASSM

An artist’s rendering of Lockheed Martin’s JASSM. Photo: Lockheed Martin.

The Air Force awarded Lockheed Martin [LMT] two production contracts totaling $449 million for the Joint Air-to-Surface Standoff Missile (JASSM) and the Extended Range (ER) variant, the company said on Thursday. The awards for Lots 11 and 12 will produce 340 JASSM missiles and 100 JASSM-ER missiles. The contracts are only the third and fourth lots to include the extended-range version. In addition to the missiles, Lockheed Martin will provide systems engineering, logistics support, tooling and test equipment. “These contracts…

Congress

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Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

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Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

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