According to an announcement from the United States Department of Defense, Lockheed Martin has received a contract modification valued at $720 million for the fourth year of production of the Hellfire and Joint Air-to-Ground Missile (JAGM) systems. This award brings the total value of the agreement to approximately $1.49 billion. Work will be carried out at the company’s facilities in Ocala, Florida, with completion expected by September 30, 2028. The program is managed by the Army Contracting Command at Redstone Arsenal, Alabama, and is funded through the fiscal year 2025 missile procurement budget. Read more.
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