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.