-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
U.S. Army Awards Lockheed Martin $483M JAGM, HELLFIRE Follow-On Production Contract
April 2, 2024 | Lockheed MartinEstimated reading time: 1 minute
The U.S. Army awarded Lockheed Martin a follow-on production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles with a Program Year 3 (PY3) award total value of $483 million.
This contract will provide JAGM and HELLFIRE procurement and production support for the U.S. Army, U.S. Navy and international customers. This contract is the third follow-on award that is a part of a multiple-year award that was initially awarded in March 2023. The total contract award value is for up to $4.5 billion through 2025.
“This follow-on contract signals the Army’s continued confidence in both the JAGM and HELLFIRE systems as premier defense capabilities when it comes to ensuring customer readiness worldwide,” said Joey Drake, program management director of Multi-Domain Missile Systems at Lockheed Martin Missiles and Fire Control.
HELLFIRE currently has more than 30 FMS customers with new HELLFIRE international customer Poland included in the PY3 contract. This contract provides maximum flexibility to facilitate the procurement of both systems to multiple domestic and international customers, especially as the JAGM program anticipates a significant increase in international demand for the weapon system in coming years.
“We will be able to continue to provide procurement and production support for both systems, which is important because both are critical multi-domain combat solutions that protect and defend our armed forces and allies against ever-changing global threats,” said Drake.
Both the JAGM and HELLFIRE systems are designed and developed in Orlando, Florida. The weapon systems are manufactured across various Lockheed Martin facilities in Dallas; Orlando and Ocala, Florida.; Archbald, Pennsylvania.; and Troy, Alabama. With more than 140,000 missiles produced, JAGM and HELLFIRE continue to be the weapon of choice in critical, precision engagement opportunities.
Suggested Items
U.S. Army Awards Lockheed Martin $756 Million Hypersonic Weapon System Contract
05/20/2024 | Lockheed MartinThe U.S. Army awarded Lockheed Martin a $756 million contract to deliver additional capability for the nation’s ground-based hypersonic weapon system, the Long Range Hypersonic Weapon (LRHW).
SAIC Awarded $232 Million U.S. Army Contract for Systems Engineering and IT Modernization Services
05/13/2024 | SAICScience Applications International Corp. has been awarded a $232 million contract to develop signals intelligence and electronic warfare systems for the U.S. Army. SAIC was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle.
DRAM Contract Prices for Q2 Adjusted to a 13–18% Increase
05/07/2024 | TrendForceTrendForce’s latest forecasts reveal contract prices for DRAM in the second quarter are expected to increase by 13–18%, while NAND Flash contract prices have been adjusted to a 15–20% Only eMMC/UFS will be seeing a smaller price increase of about 10%.
AI Demand Drives Rapid Growth in QLC Enterprise SSD Shipments for 2024
04/23/2024 | TrendForceNorth American customers are increasing their orders for storage products as energy efficiency becomes a key priority for AI inference servers. This, in turn, is driving up demand for QLC enterprise SSDs.
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.