Latest News

JASSM Meeting Ends With No Decision Announcement

By | July 2, 2007

      A review meeting where the top Pentagon weapons buyer and other senior leaders considered whether to continue the Joint Air-to-Surface Standoff Missile (JASSM) program ended with no announcement of a decision.

      The defense acquisition panel met to mull the future of the in-production JASSM and its reliability problems, a program which has twice breached Nunn-McCurdy limits (requiring program justification when costs rise 25 percent or more), with a current price tag of about $5.8 billion. Lockheed Martin Corp. [LMT] is the prime contractor.

      Leave a Reply