Lockheed Martin and Raytheon have secured U.S. Air Force contracts worth a combined $7.8 billion to supply precision-guided missiles to allied nations under Foreign Military Sales (FMS) agreements.
Lockheed Martin received a $4.29-billion contract to manufacture Joint Air-to-Surface Standoff Missiles (JASSM) and Long-Range Anti-Ship Missiles (LRASM) for Finland, Japan, the Netherlands, and Poland. The contract runs through January 31, 2033.
Raytheon, meanwhile, has been awarded up to $3.5 billion for the production of Advanced Medium Range Air-to-Air Missiles (AMRAAMs), along with associated telemetry units, spares, and engineering support. The deal supports FMS deliveries to over 15 countries, including Australia, Germany, Israel, Taiwan, and Ukraine. Completion is scheduled for fiscal Q3 2031.
Missile Systems Overview
JASSM: An air-to-surface cruise missile developed by Lockheed Martin, featuring a 1,000-lb warhead and ranges exceeding 230 miles (baseline) or 500+ nautical miles (extended-range). Launch platforms include B-1B, B-52, F-15E, F-16, and F/A-18 aircraft.
LRASM: A maritime strike variant of JASSM, the AGM-158C LRASM uses semi-autonomous guidance to engage naval targets up to 200 nautical miles away. It is compatible with B-1B bombers and F/A-18E/F jets, with further integrations ongoing.
AMRAAM: Raytheon’s AIM-120 AMRAAM is a beyond-visual-range air-to-air missile with fire-and-forget radar homing. Operable from fighters like the F-16, F-35, and Eurofighter, it comes in several versions, including the long-range AMRAAM-ER.
