Lockheed Martin Missiles and Fire Control awarded $1,925,877,406 contract
United States, March 13 -- Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a not-to-exceed $1,925,877,406 firm-fixed-price, undefinitized contract action modification (P00003) to a previously awarded contract (FA8682-24-C-B001) for Joint Air to Surface Standoff Missile (JASSM) Production Lot 23 and Long-Range Anti-Ship Missile (LRASM) Production Lot Nine, as well as economic order quantity for JASSM Lot 24 and LRASM Lot 10. The modification brings the total cumulative face value of the contract to $5,180,154,533. Work will be performed in Orlando, Florida, and is expected to be completed by July 31, 2029. Fiscal 2024 missile procurement funds (Air Force) in the amount of $684,233,360; fiscal 2025 missile procur...
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