Lockheed Martin awarded $122.57M Air Force contract modification

Lockheed Martin (LMT) has been awarded a $122.57M contract modification to a previously awarded contract to procure tooling and test equipment needed to increase production quantities of Joint Air-to-Surface Standoff Missile and Long-Range Anti-Ship Missile. The location of performance is Orlando, Florida, and is expected to be complete by July 14, 2028. The award is the result of sole-source acquisition. Air Force Life Cycle Management Center is the contracting activity.