Lockheed Martin bags $3.2 billion US Air Force contract for JASSM and LRASM

The US Air Force had awarded Lockheed Martin with a US$3.2 billion sole-source contract to produce joint air-to-surface standoff missiles (JASSM) and long-range anti-ship missiles (LRASM).

The contract focused on Lot 22 JASSM and LRASM and Foreign Military Sales (FMS) missiles for Japan, the Netherlands, Finland and Poland. As reported by Reuters, in May 2024, Poland signed a reported $735 million contact with the US for the supply of JASSM-ER (extended-range) missiles.

JASSMs – one of Lockheed’s first cruise missiles – are conventional, air-launched missiles, designed for the US Air Force and international allies, while LRASMs are precision-guided, long-range anti-ship missiles, designed to meet the demands of the US Air Force and Navy.

On 16 September 2024, Lockheed Martin unveiled its AGM-158 XR cruise missile concept, which it claimed would offer increased standoff attack range. The XR missile would also be compatible with the same platforms that deploy the JASSM and LRASM, including the F-35 Lightning II combat aircraft.

Related Equipment in Defence Insight

F-35A

AGM-158C LRASM

AGM-158B JASSM-ER