Lockheed Martin Signs $4.3 Billion Deal to Supply JASSM-ER and LRASM Missiles to U.S. and Allies

In a major boost to advanced missile production, Lockheed Martin has signed a $4.3 billion framework agreement with the U.S. Department of Defense for the production of two key long-range precision weapons — the AGM-158B JASSM-ER and the AGM-158C LRASM.

The JASSM-ER (Joint Air-to-Surface Standoff Missile – Extended Range) is a long-range, air-launched cruise missile, while the LRASM (Long Range Anti-Ship Missile) is a stealthy missile designed to counter heavily defended maritime targets. Both systems are crucial to enhancing the U.S. military's ability to strike high-value targets from a safe distance.

The agreement, announced on 31 July, outlines production and deliveries that will continue through January 2033. Although the full deal is worth $4.3 billion, an initial installment of $1.4 billion has been released to kick-start the work.

In addition to fulfilling U.S. military needs, this agreement also includes missile deliveries to foreign allies under the Foreign Military Sales (FMS) program. Four countries — Poland, the Netherlands, Japan, and Finland — are confirmed recipients of the AGM-158B JASSM-ER under this contract.

These nations are collectively contributing $239 million toward the first batch of exports. The Netherlands, Japan, and Finland plan to deploy the JASSM-ER on their F-35A/B Lightning II fighter jets, while Japan will also integrate the missiles onto its upgraded F-15J Eagle aircraft.

The exact number of missiles being delivered remains undisclosed, but the contract reflects a growing global interest in long-range precision strike capabilities, especially among U.S. allies in Europe and the Indo-Pacific.

This deal follows previous contracts aimed at increasing the production of both JASSM-ER and LRASM, signaling continued investment in next-generation missile technology amid rising geopolitical tensions.