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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.

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.

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.

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.

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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