LMT · News · 20260923N
JATM Production Acceleration
LOCKHEED MARTIN CORP · 2026-09-23 · Importance 35 · Surprise 42 · In source text
Lockheed Martin signed a framework agreement with the U.S. Department of War to accelerate production of the AIM-260 Joint Advanced Tactical Missile (JATM) in response to China’s air threat. The framework requires Congressional approval before becoming a multiyear procurement contract, and its dollar value and production targets have not been disclosed. Lockheed is investing its own capital in production capacity ahead of the contract, creating execution and demand risk if the anticipated order does not materialize.
Key facts
- LOCKHEED MARTIN CORP signed a framework agreement with the U.S. Department of War to accelerate production of the AIM-260 Joint Advanced Tactical Missile (JATM). source
- LOCKHEED MARTIN CORP is investing its own capital in production capacity for the AIM-260 JATM ahead of the procurement contract. source
- The framework agreement for the AIM-260 JATM requires Congressional approval to become a multiyear procurement contract. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | LOCKHEED MARTIN CORP signed a framework agreement with the U.S. Department of War to accelerate production of the AIM-260 Joint Advanced… |