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Air Force

USAF Awards Lockheed Martin $3.2 Billion for JASSM/LRASM

Frank Wolfe Frank Wolfe
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USAF Awards Lockheed Martin $3.2 Billion for JASSM/LRASM
Members of the 5th Aircraft Maintenance Squadron load an inert AGM-158 Joint Air to Surface Standoff Missile (JASSM) onto a B-52H Stratofortress during the 2024 annual weapons load competition at Minot AFB, N.D. on Jan. 19 (U.S. Air Force Photo).

Lockheed Martin [LMT] is receiving a firm fixed price contract worth up to $3.2 billion for a "large lot" buy of the company's AGM-158 Joint Air-to-Surface Standoff Missile (JASSM) and AGM-158C Long Range Anti-Ship Missile (LRASM), the U.S. Air Force said on Friday in a DoD contracts announcement. The nearly eight-year contract provides that Lockheed Martin's Missiles and Fire Control business in Orlando, Fla., will provide Lot 22 JASSM variants for the U.S. Air Force and Navy and foreign military…

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