Seeking Alpha

Lockheed receives $4349M in contracts for JASSM production

  • The two production contracts from the Air Force are for continued production of 340 Joint Air-to-Surface Standoff Missile, and 100 of 100 Extended Range variant. The contacts also include systems engineering, logistics support, tooling, and test equipment.
  • It's 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 (LMT +0.5%) commitment to the program," says the company's Jason Denney
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