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Lockheed Martin, Raytheon-Boeing Team Each Receive JAGM Awards

DDN

Friday, September 19th, 2008

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By Ann Roosevelt Lockheed Martin [LMT] and a Raytheon [RTN]-Boeing [BA] team yesterday both signed 27-month firm, fixed-price contracts with a ceiling of no more than $125 million for the Joint Air-to-Ground Missile (JAGM) system technology development program, the Army announced. The dual-source contract will culminate in a system design and development award, a service spokesman said. The next-generation missile will be carried on U.S. Armed Forces rotary-wing, fixed-wing and unmanned aerial system (UAS) platforms, with an expected initial operational…

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