The Air Force this week awarded Lockheed Martin a $116.8 million contract option for 100 Joint Air-to-Surface Standoff Missile-Extended Range, bringing the total number of missiles for the military to more than 2,700. The option, expected to be completed by June 2019, is Lot 14 in production for the missiles, with full-rate production approved in 2014, according to a Lockheed release. The JASSM-ER missile is integrated on several Air Force aircraft, along with international aircraft such as the F/A-18, and last year Lockheed was awarded a contract to produce the missile for Finnish and Polish aircraft.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.