Bids Submitted For Joint Air-To-Ground Missile

Both Lockheed Martin and Raytheon have submitted separate proposals for the next phase of the Pentagon's Joint Air-to-Ground Missile (JAGM) program, Defense News reports.

The JAGM, intended to replace AGM-114 Hellfire, BGM-71 TOW and AGM-65 Maverick missiles, is estimated to be worth more than $6 billion over 20 years.

The defense firms are competing for a $3.8 million 48-month contract to continue development and begin low-rate initial production on the weapon.

Raytheon...