Lockheed Gets $3.5 Billion for JASSM/LRASM Missiles as It Eyes ‘Extreme Range’ Variant

Lockheed Martin received two Air Force contracts on Sept. 27, together worth $3.56 billion, for production of the AGM-58B Joint Air-to-Surface Standoff Missile and the AGM-158C Long-Range Anti-Ship Missile, the Pentagon announced. The contracts include missiles for the Air Force, Navy, and partner nations under the Foreign Military Sales program. The company also recently unveiled plans for a larger variant of the missile with even longer range, called the JASSM-XR.