Lockheed Martin Wins $172M Contract for Lot 2 Production of AGM-158C Long Range Anti-Ship Missile (LRASM)

Lockheed Martin is awarded a fixed-price incentive-fee contract, worth around $172 million, for the Lot 2 production of the AGM-158C Long Range Anti-Ship Missile (LRASM).

The contract, which allows for the production of 50 LRASMs, was awarded by the U.S. Air Force Life Cycle Management Center (AFLCMC) located at Eglin Air Force Base, Florida. The contract work will be performed in Orlando, Florida, and is expected to be completed by Dec. 31, 2021.

AGM-158C LRASM (Long Range Anti-Ship Missile) is a stealthy anti-ship cruise missile under development for the U.S. Air Force and the Navy by the Defense Advanced Research Projects Agency (DARPA).

This precision-guided, anti-ship standoff missile is based on the successful AGM-158B Joint Air-to-Surface Standoff Missile – Extended Range (JASSM-ER), a low observable standoff air-launched cruise missile (ALCM). The LRASM was intended to pioneer more sophisticated autonomous targeting capabilities than the U.S. Navy’s current Harpoon anti-ship missile (AShM), which has been in service since 1977.

The air-launched variant provides an early operational capability for the U.S. Navy’s offensive anti-surface warfare (ASuW) Increment I requirement to be integrated onboard the U.S. Air Force’s B-1B Lancer strategic bombers in 2018 and on the U.S. Navy’s F/A-18E/F Super Hornet fighter jets in 2019.

In 2017, Lockheed Martin Missiles and Fire Control was awarded a $86.5 million contract for LRASM Lot 1 production.

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