Lockheed receives $4349M in contracts for JASSM production

|About: Lockheed Martin (LMT)|By:, SA News Editor

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