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Lockheed Martin Receives $243 Million For JASSM Lot 8 Production

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Lockheed Martin [LMT] has received an Air Force contract valued at $243.5 million for an eighth production lot of the JASSM cruise missile. "This contract enables Lockheed Martin to continue to provide the critical capabilities of JASSM to the Warfighter," Alan Jackson, JASSM program director at Lockheed Martin Missiles and Fire Control, said. "JASSM's combination of standoff range, low observable flight and high lethality provides an unrivaled precision engagement capability and a greater range of options to combatant commanders." The…

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