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US Air Force Signs a $3.2 Billion Contract for Lockheed Martin's JASSM and LRASM Missiles

On September 27, 2024, Lockheed Martin secured a multiyear $3.2 billion contract from the US Air Force for the production of AGM-158C Long Range Anti-Ship Missiles (LRASM) and AGM-158B Joint Air-to-Surface Standoff Missiles (JASSM). This contract also includes foreign military sales (FMS) to Japan, the Netherlands, Finland, and Poland, as part of a Pentagon effort to maximize the production of key munitions through multiyear procurements. Read more. 

An F-35 Lightning II test pilot conducts a flight test on Sept. 9 to certify the carrier variant of the fighter aircraft for carrying the AGM-158C Long-Range Anti-Ship Missile (LRASM) (Picture source: US DoD)

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