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USAF Awards Lockheed Martin $305 Million Contract for JASSM and JASSM-ER Production

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This contract represents the largest JASSM-ER order to date

ORLANDO, Fla., Oct. 15, 2015 – Lockheed Martin (NYSE: LMT) has received a $305.4 million contract from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM) and its Extended Range (ER) version.

The Lot 13 contract includes 140 baseline JASSMs for U.S. and international partners, 140 JASSM-ER missiles, data, tooling and test equipment. The Lot 13 award represents the largest JASSM-ER order to date and brings total missiles under contract to more than 2,300.

“JASSM® and JASSM-ER have an important role in the United States’ and its allied partners’ long-term strategic defense plans,” said Jason Denney, program director of long-range strike systems at Lockheed Martin Missiles and Fire Control. “The missiles delivered under Lot 13 will provide an effective and more affordable capability against Anti-Access/Area Denial threats, thus providing a strategic deterrent for U.S. and international warfighters.”

The contract represents the fifth production lot for JASSM-ER, which received full-rate production approval last year. Recent program milestones include a Foreign Military Sales contract to integrate JASSM onto Poland’s F-16C/D aircraft and an additional contract in support of F/A-18C/D aircraft integration for Finland.

Armed with a penetrating blast-fragmentation warhead, both missiles can be used in all weather conditions. They share the same powerful capabilities and stealth characteristics, though JASSM-ER has more than two-and-a-half times the range of JASSM for greater standoff range. These 2,000-pound cruise missiles employ an infrared seeker and enhanced digital anti-jam GPS receiver to dial into specific points on targets.

Effective against high-value, well-fortified, fixed and relocatable targets, JASSM is integrated on the U.S. Air Force’s B-1B, B-2, B-52, F-16 and F-15E. The B-1B also carries JASSM-ER. Internationally, JASSM is carried on the F/A-18A/B and the F-18C/D aircraft.

Produced at the company’s manufacturing facility in Troy, Alabama, more than 1,700 JASSMs have been delivered.

SOURCE: Lockheed Martin

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