Lockheed Martin contracted for additional LRASMs
Lockheed Martin Missiles and Fire Control has been awarded a $125 million contract modification for Lot Four and Five Long Range Anti-Ship Missiles (LRASMs) plus tooling and test equipment.
The contract modification, announced on November 29 and the result of a sole-source acquisition, provides for the purchase of an additional 42 LRASMs, and 24 Weapons Data Links in support of Lot Six.
The work is expected to be completed by September 2025.
The cumulative face value of the LRASM contract is now more than $549 million and the contracting authority is the Air Force Life Cycle Management Center, Eglin AFB, Florida.
More from Defence Notes
-
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
-
UK boosts defence budget by 5.3%, but is this enough?
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
-
UK makes big moves to fix “broken” defence procurement system ahead of major review
The changes are intended to meet greater need and deliver more value for money.
-
US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.
-
Just Released: Military Training Technology Report October 2024 now available to read
How the latest portable simulation solutions can deliver JTAC training wherever it is needed