The Defense Advanced Research Projects Agency (DARPA) awarded the first contract under the Long Range Anti-Ship Missile (LRASM) program to Lockheed Martin. Lockheed Martin Corp will receive $10 million for the initial nine-month phase of the missile demonstration project, and an additional award is expected. The joint DARPA/U.S. Navy LRASM program will provide Navy surface forces with leap-ahead anti-surface warfare capability to engage critical targets at extended ranges. The LRASM concept is consistent with DARPA’s mission to prevent technological surprise and designed to reduce dependence on precision intelligence, surveillance and reconnaissance, data links, and GPS by demonstrating advanced onboard sensing and processing capabilities.
Lockheed Martin (NYSE: LMT) has received a $124.9 million contract modification to produce 42 more Long Range Anti-Ship Missiles for the U.S. Air Force and Navy. The funds cover lot six production of LRASMs along with two dozen weapons datalinks, the Department of Defense said Monday. DOD pegged the contract’s cumulative face value at $549.7
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) two firm-fixed-price contracts worth $842.7 million combined to build more anti-ship and air-to-surface missile systems. Lockheed will produce 137 Long Range Anti-Ship Missiles for the program’s fourth and fifth production lots under a $414.3 million award that also involves foreign military sales, the Department of Defense
The Department of State has approved a potential $990M foreign military sale of Lockheed Martin-built (NYSE: LMT) long-range anti-ship missile systems and associated equipment to Australia. The FMS deal will cover the procurement of 200 AGM-158C LRASM systems and 11 units of the ATM-158C LRASM telemetry systems, the Defense Security Cooperation Agency said Friday.