LRASM0

The Long Range Anti-Ship Missile (LRASM) is a part of the Offensive Anti-Surface Warfare (OASuW) weapon development program. The specific goal of this program is to address an air-launch capability gap by providing flexible, long-range, advanced, anti-surface capability against high-threat maritime targets. LRASM achieved Early Operational Capability (EOC) in December 2018 on the USAF B-1 Lancer and EOC on the USN F/A-18E/F Super Hornet in November 2019. The USN is the lead service for the LRASM program. The FY24 Procurement fully funds the 8th production lot for the LRASM Program as well as provides Economic Order Quantities for Lots 8-12 under the Multiyear Procurement (MYP) strategy. This strategy aims to generate efficiencies and result in greater production capacity, accelerated delivery, and lower unit costs by executing individual MYPs in a concurrent and overlapping multiyear strategy for related programs such as AMRAAM, JASSM, and STANDARD MISSILE-6.

The specific objective of Program LRASM0 is to initiate a Multiyear Procurement (MYP) strategy for LRASM and other related programs under the Large Lot Procurement (LLP) concept. This strategy aims to leverage synergies in production across different but related programs to generate efficiencies and result in greater production capacity, accelerated delivery, and lower unit costs. The Long Range Anti-Ship Missile (LRASM) addresses an air-launch capability gap by providing flexible, long-range, advanced, anti-surface capability against high-threat maritime targets. The program also aims to achieve cost savings through Economic Order Quantities (EOQ) financing to procure additional lots of missiles under a Buy-to-Budget concept. Additionally, LRASM is highly leveraged on the design of the Joint Air-to-Surface Standoff Missile-Extended Range (JASSM-ER), with over 70% hardware commonality and sharing the same production assembly line. The USAF and USN jointly procure LRASMs via a USAF contract that benefits from cost savings when aligned with JASSM-ER procurements.