Lockheed Martin Receives $449M In Contracts For JASSM Production
;Lockheed Martin (NYSE: 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.