Lockheed Wins a $208M Contract to Aid JASSM Missile Program

Group 1: Lockheed Martin Corporation (LMT) Contract and Capabilities - Lockheed Martin Corporation secured a contract worth $208.1 million for the development, testing, and integration support of the AGM-158D missile, with completion projected by December 31, 2027 [1] - The AGM-158D is a variant of the Joint Air-to-Surface Standoff Missile (JASSM), which provides significant long-range, precision engagement capabilities for air-to-ground missions [2] - The contract reflects Lockheed's ability to secure missile contracts from the Pentagon and U.S. allies, showcasing the demand for advanced missile systems [3] Group 2: Market Growth and Opportunities - Rising military conflicts and national security concerns are driving nations to focus on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense systems market from 2025 to 2030 [4] - Lockheed Martin's Missile and Fire Control unit is a recognized developer of high-performance missiles, operating in over 50 countries and involved in major programs like the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense [5] Group 3: Competitors in the Defense Sector - Northrop Grumman Corporation is noted for its high-speed, long-range strike weapons and advanced missile defense technology, including the AARGM-ER missile system [6] - RTX Corporation is recognized for its missile defense systems, such as the Patriot and SM-6, and has demonstrated successful subsystem tests for the U.S. Army's Next-Generation Short-Range Interceptor [8][9] - The Boeing Company manufactures various missile defense systems, including the Ground-based Midcourse Defense, which is the only operationally deployed missile defense program capable of defending the entire U.S. homeland against long-range ballistic missile attacks [10][11]