Contract Grows to $1.2B as Lockheed Martin Advances LRASM Modernization for Navy

Lockheed Martin Missiles and Fire Control, Orlando, Florida, was awarded a $45,900,000 firm-fixed-price undefinitized contract action modification (P00017) to previously awarded contract (FA8682-23-C-B001) for the Long-Range Anti-Ship Missile (LRASM) Lots Seven and Eight for the conversion of 10 LRASM missiles from the C-1 configuration to the C-3 configuration. This modification brings the total cumulative face value of the contract to $1,215,345,826. Work will be performed at Orlando, Florida, and is expected to be completed by Sept. 30, 2026. Fiscal 2024 and 2025 Navy weapons procurement funds in the amount of $5,400,000; and $3,150,000, are being obligated at time of award. The Air Force Life Cycle Management Center, Eglin Air Force Base, Florida, is the contracting activity.