The missiles are part of a DARPA program for the development and demonstration of stealthy air- and ship-launched LRASMs.
The DARPA contracts have a total value of $218 million.
Lockheed said its LRASM-A team received a $60.3 million cost-plus, fixed-fee contract award from DARPA to execute two air-launched demonstrations, leveraging its Joint Air-to-Surface Standoff Missile -- Extended Range experience and demonstrating U.S. Navy and U.S. Air Force tactical aircraft employment.
Its LRASM-B team received a $157.7 million cost plus fixed-fee contract to complete four vertical launch system demonstrations, proving applicability to Navy surface combatants.
Both LRASM-A and LRASM-B designs plan to support air-launch and VLS-launch configurations.
"Both of our LRASM solutions will deliver extraordinary range, willful penetration of ship self defense systems and precise lethality in denied combat environments," said Rick Edwards, vice president of Tactical Missiles and Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. "The maturity of these weapons and technologies allows near-term transition to Navy magazines at an affordable price.
"These are low-risk, practical options with the Navy initiating studies of anti-surface warfare capability."
Notable deaths of 2014 [PHOTOS]