COLORADO SPRINGS, C0 - DECEMBER 4:  A sign for Lockheed Martin is seen December 4, 2003 in Colorado Springs, Colorado. (Photo by Kevin Moloney/Getty Images)
COLORADO SPRINGS, C0 - DECEMBER 4: A sign for Lockheed Martin is seen December 4, 2003 in Colorado Springs, Colorado. (Photo by Kevin Moloney/Getty Images)

Defense Watch Lockheed Martin: U.S Missile Contracts, Australian SATCOM, Moon Satellites and NASA

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Lockheed Martin Corporation has recently secured several projects with terrestrial connections that merit mention. First, the Corp announced on Monday, April 3rd, that they had been awarded a contract to produce missiles for the U.S Army, specifically Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, for at least four years. A total evaluation of the contract of $439 million in the first year is accompanied by an overall price point of $4.5 billion with follow-on awards included. Lockheed noted as well that the JAGM program anticipates a "significant increase" in international demand. "The contract provides maximum flexibility to facilitate the procurement of both systems by multiple domestic and international customers, allowing for the future expansion of both HELLFIRE and JAGM's global footprint. HELLFIRE currently has more than 30 FMS customers, along with being integrated onto more than 15 platforms. With more than 125,000 missiles produced, JAGM and HELLFIRE continue to be the weapon of choice in critical, precision engagement opportunities." Both of these munitions are primarily helicopter and drone launched.

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