
The U.S. Air Force has awarded Lockheed Martin [LMT] nearly $1.2 billion in contracts for the AGM-158B Joint Air-to-Surface Standoff Missile (JASSM) and the AGM-158C Long-Range Anti-Ship Missile. Lockheed Martin on May 18 received a more than $750 million contract for Lot 21 JASSM for the B-2 stealth bomber and more than $443 million for Lot 7 of LRASM. In Troy, Ala., Lockheed Martin has an older 125,000 square foot factory and a new 225,000 square foot one to conduct…