U.S. Army Awards Lockheed Martin $483M Missile Production Contract

The total contract award value is for up to $4.5 billion through 2025.

Screen Shot 2024 04 01 At 11 25 43 Am
Lockheed Martin

The U.S. Army awarded Lockheed Martin a follow-on production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles with a Program Year 3 (PY3) award total value of $483 million.

This contract will provide JAGM and HELLFIRE procurement and production support for the U.S. Army, U.S. Navy and international customers. This contract is the third follow-on award that is a part of a multiple-year award that was initially awarded in March 2023. The total contract award value is for up to $4.5 billion through 2025.

HELLFIRE currently has more than 30 FMS customers with new HELLFIRE international customer Poland included in the PY3 contract. This contract provides maximum flexibility to facilitate the procurement of both systems to multiple domestic and international customers, especially as the JAGM program anticipates a significant increase in international demand for the weapon system in coming years.

Both the JAGM and HELLFIRE systems are designed and developed in Orlando, Florida. The weapon systems are manufactured across various Lockheed Martin facilities in Dallas; Orlando and Ocala, Florida.; Archbald, Pennsylvania.; and Troy, Alabama. With more than 140,000 missiles produced, JAGM and HELLFIRE continue to be the weapon of choice in critical, precision engagement opportunities.

More in Global