The prime defence contractor has secured a contract to deliver Long-Range Anti-Ship Missile technology to the US Air Force and Navy.
Lockheed Martin has been awarded the fourth and fifth production lots for the delivery of Long-Range Anti-Ship Missile (LRASM) technology for the US Air Force and Navy.
This US$414 million ($523 million) deal represents the largest production contract in the program’s history.
The combined Lot 4/5 contract means Lockheed will continue production of the air-launched variant of LRASM, currently deployed on the US Navy F/A-18E/F and US Air Force B-1B.
LRASM is built to detect and destroy specific targets within groups of ships by employing technologies designed to reduce dependence on intelligence, surveillance and reconnaissance (ISR) platforms, network links and GPS navigation in electronic warfare environments.
The technology’s long-range capability is expected to play a key role in supporting open-ocean operations.
The precision-guided, anti-ship stand-off missile draws from technology embedded in the Joint Air-to-Surface Stand-off Missile – Extended Range (JASSM-ER).
“This contract reflects LRASM’s increasing significance to our customers’ missions. Focused teamwork around a shared vision with our customers and our dedicated supply partners remains key to this program’s success,” David Helsel, LRASM director at Lockheed Martin Missiles and Fire Control, said.
“We look forward to continuing our important work and growing our capabilities and platforms.”