Lockheed Martin won a $172.1 million contract last month to build 50 LRASMs as part of Lot 2 production. Before that, Lockheed Martin won an $86.5 million contract in July 2017 to manufacture the first 23 LRASM munitions in Lot 1 production. That contract marked the first production award for the air-launched variant of the anti-ship missile for the U.S. Navy and Air Force. LRASM is a joint project of the U.S. Defense Advanced Projects Agency (DARPA) in Arlington, Va., the Navy, and the Air Force to design an advanced anti-ship missile that can launch from the Navy F/A-18E/F Super Hornet jet fighter bomber, as well as from the Air Force B-1B Lancer long-range strategic bomber. In the future LRASM also will launch from the F-35 Lighting II joint strike fighter, as well as from the Navy Mark 41 shipboard Vertical Launch System.