Pentagon Approves $53M Upgrade for Lockheed Martin's LRASM Production Line
The U.S. Department of War has authorized a $53 million contract modification for Lockheed Martin to enhance LRASM production. This funding will support tooling and test equipment for expanded manufacturing capacity. The contract modification increases the total contract value to approximately $462.9 million, with work expected to complete by Nov. 29, 2028. The LRASM program aims to provide long-range strike capabilities against enemy vessels, utilizing autonomous targeting and onboard sensors.
Theia Market Signal Identification - AI Assisted
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.
Comments