Press Release: USAF Awards Lockheed Martin $116 Million Contract Option for JASSM-ER Production

ORLANDO, Fla., April 21, 2016 - Lockheed Martin (NYSE: LMT) received a $116.8 million contract from the U.S. Air Force for continued production of Joint Air-to-Surface Standoff Missile-Extended Range (JASSM®-ER).

This contract exercises an option in the Lot 14 contract and includes 100 JASSM-ER missiles. Work under this contract option is expected to be complete by June 2019. The award brings the total number of JASSM and JASSM-ER missiles delivered or under contract to more than 2,700.

"JASSM and JASSM-ER offer affordable, survivable, stand-off lethality needed for today's modern threats," said Jason Denney, program director of long-range strike systems at Lockheed Martin Missiles and Fire Control.

JASSM-ER received full-rate production approval in 2014. Recent JASSM milestones include a contract award for additional F-16C/D integration activities for Poland, the $302 million Lot 14 award and the $305 million Lot 13 contract for JASSM and JASSM-ER.

Armed with a penetrating blast-fragmentation warhead, JASSM and JASSM-ER can be used in all weather conditions. They share the same powerful capabilities and stealth characteristics, though JASSM-ER has more than two-and-a-half times the range of JASSM for greater standoff capability. The cruise missiles employ an infrared seeker and enhanced digital anti-jam GPS receiver to dial into specific points on targets.

Effective against high-value, well-fortified, fixed and relocatable targets, JASSM and JASSM-ER are integrated on several U.S. Air Force aircraft. Internationally, JASSM is carried on the F/A-18A/B.

Produced at the company's manufacturing facility in Troy, Alabama, more than 1,800 JASSMs have been delivered.

For additional information, visit our website: www.lockheedmartin.com

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Source: Lockheed Martin