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Naval Warfare

Lockheed Martin receives LRASM spare parts contract

19th May 2021 - 16:45 GMT | by The Shephard News Team

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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. 

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