Lockheed Martin, Raytheon shortlisted for AGM-86B replacement competition

The Pentagon announced under Release No: CR-163-17 that both Lockheed Martin and Raytheon have been selected “for the Long Range Standoff weapon’s technology maturation and risk reduction acquisition phase.”

Photo: U.S. Air Force

Both companies were give $900 million each and the contract is for five years of work. The Long Range Standoff weapon is meant to replace the AGM-86B air-launched cruise missile.