USAF Awards Lockheed $172M Contract for Lot 2 Long-Range Anti-Ship Missiles

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential three-year, $172.1M contract to manufacture a second batch of Long-Range Anti-Ship Missiles.

Lockheed’s missiles and fire control business will build 50 lot 2 LRSMs for the military service at a contractor facility in Orlando, the Defense Department said Thursday.

The Pentagon expects the company to finish contract work by Dec. 31, 2021.

USAF awarded the company an $86M modification in July of last year for the production of 23 lot 1 missile systems.

LRASM works to help the service branch detect and counter sea-based threats through the system’s multimodal sensor package, weapon data link and updated digital anti-jam GPS technology.

Sponsor

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

I'm Interested In: