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Air Force

USAF Awards Lockheed Martin More Than $1.9 Billion for JASSM and LRASM

Frank Wolfe

Friday, March 14th, 2025

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USAF Awards Lockheed Martin More Than $1.9 Billion for JASSM and LRASM

US Air Force insignia on an aging jet plane.

The U.S. Air Force has awarded Lockheed Martin [LMT] a more than $1.9 billion contract for the AGM-158 Joint Air-to-Surface Standoff Missile (JASSM) and AGM-158C Long-Range Anti-Ship Missile (LRASM), DoD said on Thursday. The contract covers JASSM production Lot 23 and LRASM production Lot 9 "as well as economic order quantity for JASSM Lot 24 and LRASM Lot 10," according to the Pentagon contracts announcement. "Work will be performed in Orlando, Florida, and is expected to be completed by July…

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