US Army & Lockheed ink potential $4.5 billion deal for JAGM and Hellfire missiles
Lockheed Martin and the US Army have signed a new agreement for high-end missiles, including AGM-179 Joint-Air-to-Ground Missiles (JAGM) and Hellfire missiles. While the deal is worth $439 million for the first year, it has the potential to increase up to $4.5 billion over four years.
Although the exact number of missiles to be produced was not disclosed, the JAGM was approved for full-rate production last year and is designed to replace the Hellfire weapon. The Army recently clarified the distinction between a "multi-year" and a "multiple-year" deal, and has stated plans to pursue two multi-year deals in fiscal 2023 without disclosing more information.