Lockheed Martin’s JASSM and LRASM Ramps Up Production

Oct 14, 2024 · Multi-year procurements of critical munition systems like JASSM and LRASM are a key anti-fragility measure to increase industry resilience and ensure operations can be ramped …

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Lockheed Martin Secures $3.2B Contract For Advanced JASSM And …

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Oct 1, 2024 · In conclusion, Lockheed Martin's $3.2-billion contract for JASSM and LRASM production underscores the importance of long-range, precision-guided missile systems in …

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Lockheed Awarded $3.2B Air Force Contract To Supply Air-to …

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Sep 30, 2024 · The U.S. Air Force has awarded Lockheed Martin ‘s (NYSE: LMT) missiles and fire control business a $3.23 billion sole-source contract for the production of joint air-to …

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Lockheed Martin Bags $3.2 Billion US Air Force Contract For JASSM …

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Oct 1, 2024 · The US Air Force had awarded Lockheed Martin with a US$3.2 billion sole-source contract to produce joint air-to-surface standoff missiles and long-range anti-ship missiles . …

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Lockheed Martin Secures A $3.2 Billion Contract For JASSM & LRASM

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Oct 1, 2024 · Lockheed Martin Corporation LMT recently secured a contract valued at $3.23 billion for the procurement of Joint Air-to-Surface Standoff Missiles ("JASSM") and Long …

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Lockheed Gets $3.5B For Missiles, Eyes ‘Extreme Range’ JASSM

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Sep 30, 2024 · The Air Force portion was $145.5 million, while the Navy’s was $123.3 million, and the contract is to be completed by July 31, 2028. The stealthy JASSM and LRASM are …

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USAF Orders Ramp Up Of JASSM, LRASM Air-Launched Missiles …

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Aug 20, 2024 · Lockheed Martin has been awarded a $130-million contract modification to ramp up the production of Joint Air-to-Surface Standoff Missiles (JASSM) and Long-Range Anti-Ship …

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Air Force Moves Ahead With $3.2 Billion Multiyear Award For …

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Oct 2, 2024 · The Pentagon last week awarded Lockheed Martin a $3.2 billion multiyear procurement contract to boost production of its Joint Air-to-Surface Standoff Missiles and Long …

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Lockheed Martin Secures A $3.2 Billion Contract For JASSM & LRASM

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Oct 2, 2024 · Lockheed Martin Corporation LMT recently secured a contract valued at $3.23 billion for the procurement of Joint Air-to-Surface Standoff Missiles (“JASSM”) and Long …

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Lockheed Martin Earns $3.2B Contract For AGM-158C LRASM …

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$3.2 Billion, Multiyear Contract for AGM-158C LRASM Production $3.2 billion is what the US Air Force (USAF) is paying over multiple years for AGM-158C anti-ship and AGM-158B air-to …

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FAQs about Lockheed Martin’s JASSM and LRASM Ramps Up Production Coupon?

How will Lockheed Martin take the JASSM/LRASM 'to the next stage'?

To take the JASSM/LRASM “to the next stage,” Rothstein said the company is looking for ways to increase modularity and digital design of the missile. Lockheed Martin received more than $3.5 billion in contracts for JASSM and LRASM missiles and is working on a longer-range variant. ...

How much did Lockheed Martin pay for the AGM-158B JSM & LRASM?

The U.S. Air Force Life-Cycle Management Center awarded Lockheed Martin two contracts on Sept. 27, 2024, collectively worth $3.5 billion, for the production of the AGM-158B JASSM (Joint Air-to-Surface Standoff Missile) and the AGM-158C LRASM (Long-Range Anti-Ship Missile), both for its own use and for Allied partner nations. ...

Why did the Air Force award Lockheed Martin a $3.2 billion contract?

The Air Force on Friday awarded Lockheed Martin a $3.2 billion multiyear contract for air-to-ground and anti-ship missiles, as part of a Pentagon effort to maximize weapons production through multiyear procurements. ...

Did Lockheed Martin get a $750m contract for JASSM B2 missiles?

In an 18 May contract announcement by the US Department of Defense, Lockheed Martin was awarded a $750m fixed-price contract for Lot 21 JASSM B-2 missiles with containers, tooling and test equipment, and spares, as part of a Foreign Military Sales (FMS) agreement with Australia. ...

What is a JASSM & LRASM procurement?

“Multi-year procurements of critical munition systems like JASSM and LRASM are a key anti-fragility measure to increase industry resilience and ensure operations can be ramped more quickly going forward,” Lockheed said. Lockheed will build the missiles in Orlando, Florida, and is expected to finish the work by the end of July 2032. ...

Why did Lockheed Martin sign a multi-year contract with the Pentagon?

In conclusion, this new multiyear contract reflects the Pentagon's strategy to optimize the production of critical munitions while bolstering the resilience of the US defense industrial base. Lockheed Martin is positioned to increase production of JASSM and LRASM missiles, which play a key role in US military strategies. ...