Pentagon to spend up to $4.5B to buy Hellfire, JAGM missiles

The US Army has awarded Lockheed Martin a multiple-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles with a Program Year 1 (PY1) award total value of $439 million, Report informs referring to the company’s website.

This contract will provide JAGM and HELLFIRE procurement and production support for the US Army and international customers. Because it’s a multiple-year award, the contract offers three additional follow-on awards starting in late 2023, allowing for a total contract value of up to $4.5 billion over the next four years.

The contract provides maximum flexibility to facilitate the procurement of both systems to multiple domestic and international customers, allowing for the future expansion of both HELLFIRE and JAGM’s global footprint.

The JAGM program anticipates a significant increase in international demand for the weapon system. HELLFIRE currently has more than 30 FMS customers, along with being integrated onto more than 15 platforms.