Lockheed Wins a $123M Contract to Aid JASSM & LRASM Missile Program
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Lockheed Martin (LMT) has secured a $122.6 million contract to support the Joint Air-to-Surface Standoff Missile (JASSM) and Long-Range Anti-Ship Missile (LRASM) programs. This contract is likely to enhance LMT's revenue and strengthen its position in the defense sector.
March 17, 2025 | 4:00 pm
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Lockheed Martin has been awarded a $122.6 million contract to aid the JASSM and LRASM missile programs, which is expected to positively impact its revenue and market position in the defense sector.
The contract is a significant addition to Lockheed Martin's portfolio, likely leading to increased revenue and strengthening its market position in the defense industry. The size of the contract and its focus on key missile programs suggest a positive short-term impact on LMT's stock price.
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