Lockheed Martin Receives $449M In Contracts For JASSM Production

;Lockheed Martin LMT received two production contracts on Dec. 19 totaling $449 million from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM) and the Extended Range (ER) variant. The Lot 11 and Lot 12 contracts include production of 340 baseline missiles and 100 ER missiles. The contracts also include systems engineering, logistics support, tooling and test equipment. This is the first time the JASSM program has been awarded consecutive production lots at the same time. "These contracts bring the total number of JASSM cruise missiles on contract to over 2,100, and underscore the U.S. Air Force's and Lockheed Martin's commitment to the program," said Jason Denney, program director of Long Range Strike Systems at Lockheed Martin Missiles and Fire Control. "JASSM's high reliability and capability allow it to defeat high-value, well-defended current and future threats." The contract awards follow several JASSM program milestones, including Foreign Military Sales contracts to integrate JASSM onto the Republic of Finland's F/A-18C/D aircraft. They also represent the third and fourth production lots for JASSM-ER, which successfully completed U.S. Air Force Initial Operational Test and Evaluation flight testing in August 2012. Armed with a See full press release