The Pentagon last week awarded Lockheed Martin a $3.2 billion multiyear procurement contract to boost production of its Joint Air-to-Surface Standoff Missiles and Long-Range Anti-Ship Missiles through July 2032 in a bid to replenish the nation's dwindling munitions stockpile. The firm, fixed-price, undefinitized contract includes nearly $1.5 billion in fiscal year 2024 procurement funds from the Air Force and $176.2 million from the Navy. Additionally, $751.7 million has been approved in foreign military sales to Japan, the Netherlands, Finland and...
