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Lockheed Martin Receives $107 Million From the U.S. Air Force for Joint Air-to-Surface Standoff Missile Production

Written by thomas · Filed Under Aeronautics News 

June 25, 2008

thomas

ORLANDO, Fla., June 25 /PRNewswire-FirstCall/ — Lockheed Martin (NYSE:
LMT) has received a U.S. Air Force contract valued at $107 million for a
seventh production lot of the JASSM(TM) cruise missile. The contract award
will bring total contracted quantities of the cruise missile to 1,053.

The contract is for procurement of 111 JASSM production missiles, along
with systems engineering and flight test support. In recent flight tests on
the B-52 and B-1 aircraft, the stealthy standoff cruise missile proved its
reliability and capabilities across a wide variety of targets – including
hardened, underground bunkers and air defense systems.

“This contract enables us to provide JASSM’s critical capabilities to
the Warfighter,” said Alan Jackson, JASSM program director at Lockheed
Martin Missiles and Fire Control. “JASSM’s combination of standoff range,
low observable flight and high lethality give planners a valuable set of
options when planning strikes in the early stages of a conflict. JASSM can
take out the most critical, well-defended targets.”

Lockheed Martin produces JASSM in Troy, AL, at its award-winning Pike
County operations facility. The site has been producing JASSM production
missiles since late 1999. JASSM Lot 5 missile deliveries are expected to be
completed in 2008. The U.S. Air Force plans to procure 4,900 JASSMs over
the life of the program.

A 2,000-pound class weapon with a dual-mode penetrator and blast
fragmentation warhead, JASSM cruises autonomously in adverse weather, day
or night, using a state-of-the-art infrared seeker in addition to the
anti-jam GPS to find a specific aimpoint on the target. Its stealthy
airframe makes it extremely difficult to defend against. The missile is
integrated on B-1, B-2, B-52 and F-16 aircraft. It is also planned for
integration on the F-15.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000
people worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. The Corporation reported 2007
sales of $41.9 billion.

For additional information, visit our web site:
http://www.lockheedmartin.com

SOURCE Lockheed Martin

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