LM Receives $107 M From USAF for JASSM Production

ORLANDO, FL, June 25th, 2008 -- Lockheed Martin [NYSE: LMT] has received a U.S. Air Force contract valued at $107 million for a seventh production lot of the JASSM(tm) cruise missile. The contract award will bring total contracted quantities of the cruise missile to 1,053.

The contract is for procurement of 111 JASSM production missiles, along with systems engineering and flight test support. In recent flight tests on the B-52 and B-1 aircraft, the stealthy standoff cruise missile proved its reliability and capabilities across a wide variety of targets - including hardened, underground bunkers and air defense systems.

"This contract enables us to provide JASSM's critical capabilities to the Warfighter," said Alan Jackson, JASSM program director at Lockheed Martin Missiles and Fire Control. "JASSM's combination of standoff range, low observable flight and high lethality give planners a valuable set of options when planning strikes in the early stages of a conflict. JASSM can take out the most critical, well-defended targets."

Source : Lockheed Martin

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