Air Force Orders $319M in Additional JASSM-ER Missiles, Containers

Lockheed Martin (NYSE: LMT) has received a $318.9 million contract modification to supply the U.S. Air Force with additional Joint Air-to-Surface Standoff Missile systems.

The service branch ordered 308 more JASSM-Extended Range missiles and containers from the company’s missiles and fire control business as part of lot 20 production work, the Department of Defense said Monday.

DOD said the firm-fixed-price contract has a cumulative face value of $988.5 million and services under the modification will take place in Troy, Alabama, and Orlando, Florida, through Jan. 31, 2026.

The Air Force is using missile procurement funds for fiscal year 2022 on the award.

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