Lockheed to Start Low-Rate Initial Production of Joint Air-to-Ground Missile System

TYSONS CORNER, VA, June 29, 2018 — Lockheed Martin’s (NYSE: LMT) Joint Air-to-Ground Missile has received a “milestone C” decision from the Defense Department’s defense acquisition board, allowing the company to commence the low-rate initial production of the weapon system, ExecutiveBiz reported Thursday.

The company said Wednesday the board granted LRIP approval for the JAGM program after the missile completed months of flight tests that evaluated its functions and performance.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

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