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≈$7.2B Air Force DEFINITIVE CONTRACT FA868224CB001

Long-range cruise missiles LRASM/JASSM, large-lot procurement: ~$7.20B — the Air Force's award to Lockheed Martin (USAspending)

Department of the Air Force ・2024-09-27 〜 2033-01-31

Per USAspending, the U.S. Air Force awarded large-lot procurement of the Long Range Anti-Ship Missile (LRASM) and the Joint Air-to-Surface Standoff Missile (JASSM) to Lockheed Martin. The value is about $7.20 billion ($7,202,488,023), a definitive contract running September 2024–January 2033. Core missiles for "standoff" strikes that hit ships and land targets precisely from a distance.

Contract key facts

  • RecipientLockheed Martin
  • Contract value$7,202,488,023 (≈$7.2B)
  • BranchAir Force
  • Awarding agencyDepartment of Defense
  • Awarding sub-agencyDepartment of the Air Force
  • Award typeDEFINITIVE CONTRACT
  • Period of performance2024-09-27 〜 2033-01-31
  • Contract ID (PIID)FA868224CB001

Contract scope (original)

LONG RANGE ANTI-SHIP MISSILE/JOINT AIR-TO-SURFACE STANDOFF MISSILE LARGE LOT PROCUREMENT

Key points

  • The Air Force awarded large-lot procurement of the LRASM (anti-ship) and JASSM (land-attack) missiles to Lockheed Martin. Cumulative ~$7.20B ($7,202,488,023).
  • Definitive contract, performance September 27, 2024 – January 31, 2033.
  • LRASM (anti-ship) and JASSM (land-attack) are long-range precision missiles of a common lineage.
  • Standoff strike — hitting targets precisely from outside enemy air defenses (high survivability for the launcher).
  • "Large lot procurement" — bulk buying for lower unit cost and faster fielding = a focus on long-range precision strike.
  • If PAC-3 and THAAD sit on the side that shoots down what is incoming, LRASM and JASSM strike distant targets from outside defended airspace.

1What standoff attack means

A "standoff strike" is a way of fighting in which long-range missiles hit targets precisely from outside the enemy's air defenses — a safe distance away. Because the launching aircraft need not enter dangerous airspace, survivability is high.

This contract covers the two core missiles for that: the ship-killing "LRASM (Long Range Anti-Ship Missile)" and the land-target "JASSM (Joint Air-to-Surface Standoff Missile)." Both are Lockheed Martin cruise missiles of a common lineage.

2Contrasted with interceptor systems

If the PAC-3 and THAAD covered separately on this site are the defensive side that "shoots down what comes," LRASM/JASSM are the offensive side that "strikes distant targets." The recent U.S. rush to expand long-range precision-strike capacity shows up in this "large lot procurement" beginning in 2024 — a contract that buys in bulk. Bulk buying aims at lower unit cost and stable supply to field numbers faster.

3What the public record covers

The description (USAspending) goes as far as "LRASM/JASSM large lot procurement" and does not detail quantities or fielding (this site does not fill in what the description omits). A cumulative ~$7.20B, running to 2033, shows standoff missiles remain a focus of U.S. strike power.

4Shooting them down, and reaching out

The records this site holds carry both missile-defence equipment and long-range strike equipment. The word missile attaches to each while the direction runs opposite.

Equipment that interceptsEquipment that strikes at distance
Shoots down what is incomingStrikes a target precisely from a safe distance
Placed inside the area being defendedRaises the survivability of the launching side
The contest is the time from detection to interceptThe contest is whether one can stay outside the defended airspace
PAC-3, THAAD, GMDLRASM (anti-ship), JASSM (land attack)

That the US has been moving quickly to expand long-range precision strike shows in this large lot procurement beginning in 2024 — buying in bulk at once. Bulk buying aims at lowering unit cost and at steadying supply so numbers arrive sooner. The summary reaches "large lot procurement of LRASM/JASSM" and no further, giving no quantities or destinations.

Why it matters

Standoff missiles are a focus of modern strike power, hitting distant targets precisely while preserving the launcher's survivability. The large-lot procurement beginning in 2024 reflects a U.S. rush to expand long-range precision-strike numbers. As investment on the offensive side, paired with defense (PAC-3/THAAD), it is useful to readers tracking the defense industry and security.

FAQ

What data is this?
A single Department of Defense (DoD) federal procurement contract recorded in "USAspending," the U.S. open government-spending dataset. The recipient, awarding component, value, and scope are public. This site is not an official U.S. government website.
Is the amount final?
It is a cumulative figure as of collection. Large defense contracts accumulate modifications over many years, so amounts change. The latest figure is available at the source, USAspending.
What is a standoff missile?
A missile that strikes a target precisely from long range, outside the enemy's air defenses — a safe distance away. The launching aircraft need not enter dangerous airspace, giving high survivability. LRASM (anti-ship) and JASSM (land-attack) are leading examples.

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Sources (primary)

This article is an independent organization based on the U.S. official spending data below. Verify the exact, latest details with the official source.

#Defense#Department of Defense#Air Force#Missile#LRASM#JASSM#Standoff#Lockheed Martin

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