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Pentagon Restructures JASSM Program

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The Pentagon Friday certified a restructured program for Lockheed Martin's [LMT] Joint Air-to-Surface Standoff Missile (JASSM). The restructured program consists of two separate increments: the JASSM Baseline increment and the JASSM-Extended Range (ER) increment. Both efforts will be Acquisition Category 1D programs. The Air Force negotiated an agreement for Lot 7 and a Not to Exceed (NTE) price for Lot 8. Lots 7 and 8 are the next full-rate production contract options to be exercised. The Air Force plans to…

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