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

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.

Check Also

AASKI Gets $673M Army RS3 Task Order for Sensor Operations, Maintenance Support

AASKI Tehcnology will help the U.S. Army operate and maintain sensors under a potential $673M task order awarded through the service branch's Responsive Strategic Sourcing for Services contract vehicle.

Microsoft Announces $1B Investment in OpenAI to Bring AI Supercomputing Tech to Azure

Microsoft (Nasdaq: MSFT) will invest $1B in San Francisco-based artificial intelligence research company OpenAI to create new AI supercomputing technologies on the Azure cloud platform under a multiyear partnership.