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IndustryNorth America

U.S. Adds $826M to Expand JASSM Cruise Missile and LRASM Anti-Ship Missile Output amid Indo-Pacific Demand

The United States added approximately $826 million to Lockheed Martin's large-lot contract for JASSM cruise missiles and LRASM anti-ship missiles, lifting the cumulative value to about $10.48 billion. Performance in Orlando runs through July 2030 and includes production supporting US forces and approved foreign customers, helping stabilize suppliers as demand for long-range precision weapons rises. The modification expands funded capacity and deliveries rather than creating a new missile design, and its value should not be converted into a unit count because configurations, support, tooling and individual order pricing vary across the multiyear vehicle.

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