Lockheed Martin [NYSE: LMT] has won U.S. Air Force contract valued at $243.5 million for an eighth production lot of the JASSM cruise missile. The award brings the total contracted quantities of the cruise missile to over 1200.
The Lot 8 contract is for 158 JASSM missiles, along with fuze reliability, parts obsolescence efforts, test instrumentation kits, system reliability and flight test support. In recent flight tests on B-52 and F-16 aircraft, the stealthy standoff cruise missile proved its reliability and capabilities across a wide variety of targets – including hardened, underground bunkers and air defense systems.
“This contract enables Lockheed Martin to continue to provide the critical capabilities of JASSM to the Warfighter, ” said Alan Jackson, JASSM program director at Lockheed Martin Missiles and Fire Control. “JASSM’s combination of standoff range, low observable flight and high lethality provides an unrivaled precision engagement capability and a greater range of options to combatant commanders.”
