Lockheed Martin announced that the U.S. Army awarded it a contract worth up to $4.5 billion to produce Hellfire and JAGM precision missiles for the Army and international partners.
announced Monday that it was awarded a contract for multi-year production of precision missiles for the U.S. Army and international customers that could total up to $4.5 billion over the next four years.U.S. Army and international partners
"Not only does this contract award support sustained production, but this is the first joint production contract award from the U.S. government for JAGM and Hellfire," said Joey Drake, Lockheed Martin’s program management director for air-to-ground missile systems.
Lockheed Martin noted in a press release that the contract "provides maximum flexibility to facilitate the procurement of both systems to multiple domestic and international customers, allowing for the future expansion of both Hellfire and JAGM’s global footprint." The company added that it expects a "significant increase in international demand" for the JAGM weapon system, which is expected to eventually replace legacy variants of the Hellfire missile.
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US Army awards Lockheed up to $4.5 bln missiles contractLockheed Martin Corp said on Monday the U.S. Army has awarded a multi-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, in a deal that could go up to $4.5 billion including follow-on awards.
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