Lockheed Martin receives LRASM spare parts contract
AGM-158C Long-Range Anti-Ship Missile. (Photo: Lockheed Martin)
Modification brings cumulative value of LRASM Lot 4 and Lot 5 production contract to almost $425 million.
Lockheed Martin Missiles and Fire Control is providing spare parts for Lot 4 and Lot 5 production AGM-158C Long-Range Anti-Ship Missile (LRASM) to the USAF and unnamed FMS recipients under a $7.59 million contract modification, the DoD announced on 17 May.
Work will be performed in Orlando, Florida, and is expected to be completed by 20 September 2024.
The modification brings the total cumulative value of the Lot 4 and Lot 5 LRASM contract to $424.77 million.
Lockheed Martin obtained its biggest LRASM contract to date in February 2021, with a $414.25 million deal from the US Air Force Lifecycle Management Center for production of 137 Lot 4 and Lot 5 missiles.
According to Shephard Defence Insight, LRASM is designed to detect and destroy specific targets within groups of ships by employing advanced technologies that reduce dependence on ISR platforms, network links and GPS navigation in electronic warfare environments.
Related Equipment in Defence Insight
More from Naval Warfare
-
![The Netherlands cleared to purchase $2.2 billion in Tomahawk missiles]()
The Netherlands cleared to purchase $2.2 billion in Tomahawk missiles
The approved purchase is for Tomahawk Block IV and Block V missiles, control systems, telemetry missiles and communication and broadcast systems.
-
![The Philippines strengthens maritime defences amid rising tensions in South China Sea]()
The Philippines strengthens maritime defences amid rising tensions in South China Sea
The Philippine Navy is fast-tracking its maritime modernisation with new warships, unmanned platforms, and international shipbuilding partnerships to bolster its regional deterrence posture.
-
![Taiwan multiplies mine-layer vessel and UAV inventories to deter PLA]()
Taiwan multiplies mine-layer vessel and UAV inventories to deter PLA
Taiwan is strengthening its deterrence against the PLA through an asymmetric arsenal that includes fast mine-laying vessels and domestically developed UAVs.
-
![L3Harris expands footprint across Europe via Everest NL and new contracts]()
L3Harris expands footprint across Europe via Everest NL and new contracts
L3Harris is targeting European naval modernisation with new uncrewed surface vessels, SATCOM partnerships, and regional investments including defence exercises and facility openings.
-
![BAE Systems to collaborate with Umoe Mandal on Type 26 frigate and Littoral Strike Craft]()
BAE Systems to collaborate with Umoe Mandal on Type 26 frigate and Littoral Strike Craft
The agreement is intended to boost opportunities for both UK and Norwegian naval shipbuilding.
