Lockheed Martin Corporation has announced a significant new contract aimed at boosting production capacity for key missile systems. The company has received a $3.2 billion Undefinitized Contract Action from the U.S. Air Force and U.S. Navy to increase production of the Joint Air-to-Surface Standoff Missile (JASSM) and the Long Range Anti-Ship Missile (LRASM). Additionally, the U.S. Government has awarded a Facilitization Phase III contract to further enhance these capabilities. This investment underscores Lockheed Martin's commitment to scaling its manufacturing operations to meet growing global defense demands, ensuring that the U.S. and its allies maintain a robust deterrence capability.
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