Lockheed Martin Corporation | Lockheed Martin
DALLAS, Sept. 17, 2026 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has entered into a framework agreement with the U.S. Department of War aimed at expediting the production and delivery of the AIM-260 Joint Advanced Tactical Missile (JATM).
WHY IT MATTERS
The JATM represents the pinnacle of air dominance missile technology, designed to deter and neutralize both current and anticipated enemy air threats. This cutting-edge weapon system boasts enhanced range and effectiveness compared to existing air-to-air missiles, offering a significant advantage to joint forces. Its compatibility with various Air Force and Navy aircraft, including the F-22 Raptor and F-35 Lightning II, underscores its versatility in combat scenarios.
EXPERT PERSPECTIVE
Tim Cahill, President of Lockheed Martin Missiles and Fire Control, stated, “This agreement builds on years of collaboration to deliver this critical air dominance capability to the warfighter. We will deliver JATM at the speed our nation and allies demand while providing value for taxpayers and our shareholders.”
ADDITIONAL CONTEXT
- Internal Investment: The production of JATM is a collaborative effort between Lockheed Martin, the U.S. Air Force, and the U.S. Navy. Lockheed Martin is committed to supporting the necessary investments to boost production under this agreement.
- Multiyear Procurement: This agreement lays the groundwork for a multiyear procurement contract, subject to Congressional approval, which aims to establish a stable demand that will help strengthen and expand the defense industrial base supporting the program.
- Global Deterrence: Australia has recently committed to a nearly $736 million investment to equip the Royal Australian Air Force with JATM. This initiative enhances Australia’s air dominance capabilities, fosters interoperability, and provides a credible deterrent, thus contributing to the security of the United States and its allies.
- Acquisition Transformation: This agreement exemplifies a key outcome of the Department of War’s Acquisition Transformation Strategy, representing one of the most significant reforms to U.S. warfighting acquisitions in recent decades. It reflects ongoing collaboration to modernize acquisition processes and deliver critical capabilities at the necessary pace and scale to meet contemporary security demands.
About Lockheed Martin
Lockheed Martin is a leading global defense technology company committed to driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies, ensuring that those we serve remain ahead of emerging challenges. For more information, visit Lockheedmartin.com.
Source: Lockheed Martin (2026-09-17 12:15:00)
