Aerospace Group:

Air Force

USAF Awards $1.2 Billion to Lockheed Martin for JASSM and LRASM

Frank Wolfe

Friday, May 19th, 2023

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USAF Awards $1.2 Billion to Lockheed Martin for JASSM and LRASM

Airmen with the Air National Guard Air Force Reserve Command Test Center (AATC) load a Joint Air-to-Surface Standoff Missile (JASSM) on a pre-block F-16 for a test launch. Air National Guard and Air Force Reserve units fly pre-block F-16s (U.S. Air Force Photo)

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…

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