US Air Force says Lockheed missile "back on track"

Lockheed Martin Corp's (LMT.N) $6 billion radar-evading JASSM cruise missile is "back on track" after acing 18 of 19 tests since September 2009, the Air Force colonel in charge of the program said on Thursday.

The Air Force on Wednesday awarded Lockheed a $245 million contract to build an eighth lot of 160 more baseline and extended range Joint Air-to-Surface Standoff missiles (JASSM) for the Air Force and foreign military customers.

"With the award of the Lot 8 contract, the Air Force has further expressed its confidence that the program is back on track to continue delivering its unique combination of stealth, standoff precision, and flexibility off of both fighters and bombers," Air Force Colonel Stephen Demers told Reuters.

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