Lockheed Martin Secures $720 Million Contract for JAGM and HELLFIRE Production

On August 21, 2025, Lockheed Martin announced it has been awarded a $720 million contract by the U.S. Army for the production of Joint Air-to-Ground Missiles (JAGM) and HELLFIRE missiles. This award marks the fourth and final follow-on order under the current multi-year framework agreement.

The contract will provide procurement and production support not only to the U.S. Army but also to the U.S. Navy and a number of international customers, reinforcing Lockheed Martin’s position as a central supplier of advanced multi-domain missile systems. The contract includes significant Foreign Military Sales (FMS), highlighting the global demand for these systems.

This analysis answers: What is the central argument of “Lockheed Martin Secures $720 Million Contract for JAGM and HELLFIRE Production”, and why does it matter for European defence and dual-use markets? What does this mean for European defence funding, procurement and investment decisions? How mature and defensible is the position described in “Lockheed Martin Secures $720 Million Contract for JAGM and HELLFIRE Production”? Which European actors, programmes and funding instruments are most exposed?