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4w ago

Pentagon Awards $7.8 Billion in Multiyear Missile Contracts

Obligations exceeding $2.9 billion immediately support expanded domestic production capacity through 2033 with deliveries to NATO and Indo-Pacific partners.

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An AIM-120 AMRAAM (Image credit: Raytheon)
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Overview

  • Lockheed Martin received $4.2 billion for JASSM and LRASM production, boosting cumulative orders above $9 billion and obligating over $1.4 billion at award.
  • Raytheon secured a record $3.5 billion contract for AMRAAM lots 39 and 40, with more than $1.5 billion obligated upfront for U.S. services and foreign buyers.
  • Both awards leverage multiyear procurement authority granted in the 2024 NDAA to stabilize supply chains and incentivize industry investment.
  • Foreign military sales under the JASSM/LRASM contract cover Poland, the Netherlands, Japan and Finland, while the AMRAAM deal includes deliveries to 19 countries, among them Taiwan.
  • Production runs through at least 2033 for JASSM/LRASM and 2031 for AMRAAM, aiming to replenish stockpiles depleted by Middle East operations and support Ukraine.