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

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs