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Air Force Makes Lot 7 JASSM Contract Award To Lockheed Martin

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By Marina Malenic Lockheed Martin [LMT] yesterday announced receipt of a $107 million contract for a seventh production lot of the JASSM cruise missile. Lot 7 production will bring total contracted quantities to 1,053, according to a Lockheed Martin press statement. The new contract is for procurement of 111 missiles, along with related systems engineering and flight test support. The Pentagon last month certified a restructured program for JASSM consisting of two separate increments: the JASSM Baseline increment and the…

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