U.S. Air Force Awards $7.8 Billion in Missile Contracts to Lockheed Martin and RTX

The U.S. Department of Defense has allocated nearly $7.8 billion in missile contracts to defense giants Lockheed Martin and RTX. Lockheed secured $4.3 billion for Joint Air-To-Surface Standoff Missiles (JASSM) and Long-Range Anti-Ship Missiles (LRASM), while RTX's Raytheon division won $3.5 billion for Advanced Medium Range Air-to-Air Missiles (AMRAAM). Deliveries are slated for completion by 2031-2033, with exports to allied nations including Finland, Japan, and Poland.

Defense spending continues to dominate federal budgets, echoing Senator Everett Dirksen's adage about the compounding effect of billion-dollar expenditures. The awards highlight the enduring profitability of aerospace and missile technology sectors, though cryptocurrency markets remain unaffected by this traditional defense industry activity.