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Air Force

Air Force Awards Lockheed Martin $449 Million In JASSM Contracts

Pat Host

Friday, December 20th, 2013

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Air Force Awards Lockheed Martin $449 Million In JASSM Contracts

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

The Air Force Thursday awarded Lockheed Martin [LMT] nearly $449 million in contracts for Joint Air to Surface Standoff Missiles (JASSM), according to a Defense Department statement. One contract worth $233 million includes 190 JASSM baseline missiles and 40 of the extended range (ER) variant. It also includes systems engineering and foreign military sales (FMS) test assets, among others. This contract is three percent FMS for Finland and Australia, DoD said. A Lockheed Martin spokeswoman said Friday she was unsure…

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