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The U.S. Department of War has approved a $53 million modification to Lockheed Martin's contract for Long Range Anti-Ship Missile (LRASM) production. This funding aims to enhance manufacturing capacity through new tooling and test equipment.

The modification raises the total contract value to $462.9 million, with work to be completed by Nov. 29, 2028. The LRASM program, part of a broader U.S. military initiative, focuses on developing autonomous targeting capabilities for long-range strike systems capable of engaging enemy ships. Additionally, a separate $50.5 million contract modification was awarded for continued procurement of JASSM and LRASM weapons, increasing that contract's value to approximately $9.63 billion.