Printed from https://fiscalreceipts.com/program/2291/ — built September 26, 2026. Every figure is citation-backed; see the page online for per-number provenance.
LRASM
Watch this program
Budget figures
$243.2M discretionary + $288.2M one-time reconciliation. Discretionary change vs FY2025 enacted: -25.5%.
Two official figures, one label— reconciled below
Fiscal Receipts uses P-1/R-1 workbook total obligation authority (TOA) as the headline figure sitewide. The workbook TOA includes budget rows that the R-2/P-40 J-book program line excludes — advance procurement in an ordinary year, and in FY2026 the one-time reconciliation appropriation as well. Each row below names the one it is. How the two bases relate →
FY26 Request · $531.4M TOA − $243.2M J-book line = 288.2M (531.4 − 243.2 = 288.2) — $288.2M of one-time FY2026 reconciliation money accounts for this gap — not advance procurement
Figures in the sentence are rounded for reading; the parenthesised arithmetic is the same subtraction in USD millions, at the precision where it closes.
FY2026 award data is a partial year — USAspending reports awards on a rolling basis, and this corpus runs through 2026-09-04. why partial FY2026 data? →
Budget trajectory
| Fiscal year | Amount |
|---|---|
| FY24 | $599.6M |
| FY25 | $326.4M |
| FY26 | $531.4M |
All series figures: P-1 TOA · PB2026
Decade view
P-1/R-1 workbook TOA basis, shown compact in $B/$M (the workbook records USD thousands); each figure cites its own President's Budget edition
The vertical scale does not start at zero: the baseline sits just below this program’s smallest year, so a low point on this line is not a small amount. Read the shape for direction and the grid below for the figures.
● actuals (line) · ○ enacted · ◇ request — gaps are editions the program is absent from, never interpolated.
| Series | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Actuals | $161.2M | $219.7M | $599.6M | ||
| Enacted | – | $219.7M | $639.6M | $326.4M | |
| Request | – | – | $639.6M | $326.4M | $531.4M |
blank = series not published for this year; – = absent from that edition.
Asked vs spent: the PB2024 book requested $639.6M for FY2024; the PB2026 book reported $599.6M as actual total obligation authority — $40.0M below the request. 599.6 − 639.6 = -40.0 USD millions — the compact figures above are rounded for reading.
Program lineage
No predecessor/successor lineage was recorded for this program element — no FY-to-FY transfer into or out of this line was stated in the ingested J-books, and none was inferred from the program structure.
Description
Description — LRASM
Long Range Anti-Ship Missile (LRASM) is Increment 1 of the Offensive Anti-Surface Warfare (OASuW) weapon development program. LRASM (AGM-158C) is a key air launched component of the Navy's overall Cruise Missile Strategy. The Department has transitioned the Defense Advanced Research Projects Agency (DARPA) / Office of Naval Research (ONR) LRASM demonstration design into a fielded weapon system which supports an increased offensive strike capability with an Early Operational Capability (EOC) for U.S. Air Force B-1 (Q1 FY 2019) and U.S. Navy F/A-18E/F (Q1 FY 2020). In response to U.S. Pacific Command Urgent Operation Need (UON) statement, LRASM provides the first increment of the next generation ASuW capabilities addressing the most urgent air-launched requirement, significantly reducing joint force warfighting risks, and positioning the Department to address evolving surface warfare threats. LRASM is integral to realizing the Interim National Defense Strategic Guidance of combat-credible military forces to deter war, protect the security of our nation and to enable the Joint Force to win should deterrence fail. The development and acquisition of LRASM has been structured to be fielded at a pace relevant to maintain overmatch against long-term strategic competition. Specifically, LRASM directly contributes to building a more lethal force and is a critical enabler for joint lethality in contested environments; deterring adversaries from aggression; ensuring common domains remain open and maintaining favorable regional balances of power. LRASM shares a production line with the U.S. Air Force Joint Air-to-Surface Standoff Missile (JASSM). The Navy and Air Force jointly procure LRASMs via an Air Force contract that benefits from cost savings when aligned with JASSM procurements. The FY 2026 budget request continues to support the Department of Defense initiated Multiyear Procurement (MYP) strategy for JASSM; LRASM; and Naval Strike Missile, under the Large Lot Procurement (LLP) concept in which individual MYPs would be executed in a concurrent and overlapping multiyear strategy so that synergies in production across different but related programs can generate efficiencies and result in greater production capacity, accelerated delivery, and lower unit costs. LLP represents an evolution of the existing MYP contracting and financing strategy, that leverages the savings generated through the use of Economic Order Quantities (EOQ) financing to procure additional lots of missiles under a Buy-to-Budget concept, to further improve efficiencies and yields. U.S. Navy will procure the LRASM C-3, an AGM-158C derived capability, to enhance long range strike and existing Offensive Anti-Surface Warfare (OASuW) capability. The LRASM C-3 is a forward fit ECP to the LRASM baseline program. The program is aligning LRASM C-1 and LRASM C-3 as major subprograms underneath the OASuW Increment I acquisition category IC (ACAT IC) program. The LRASM C-1 program will consist of the legacy LRASM C and LRASM C-1 weapons currently fielded and approaching production completion. The LRASM C-3 subprogram is a modification to the LRASM C-1 weapon system that is required to be developed and produced to compete with near-peer threats. Non-recurring engineering, involving adapting strike software, Beyond Line of Sight (BLOS) radio integration, mission planning software development, survivability and platform integration, are funded in PE 0604786N OASuW Development PU 3466. The hardware baseline is adapted from the LRASM (AGM-158C family) production line with modifications for extended range and new systems. The software activity funded in RDT&E,N will leverage the LRASM 1.1/C-1 software baseline, and focus on combining the C++ software, JASSM-ER range and strike capability, BLOS Weapons Data Link, advanced survivability, and LRASM OASuW capabilities into a Navy LRASM C-3 baseline. Future efforts will expand both Navy strike and OASuW capabilities within this program. FY 2025 matches the Base for Reprogramming Actions, DD 1414 and does not include supplemental funding from Israel Security Supplemental Appropriations Act, 2024 (Division A of Public Law 118-50) or Ukraine Security Supplemental Appropriations Act, 2024 (Division B of Public Law 118-50). In FY 2025, DON has received $135.505 million for the procurement of LRASM C-1 for the replacement of Navy stock. This results in an increase in DON FY 2025 quantities from 90 LRASM All-Up-Rounds (AURs) to 134 LRASM AURs. LRASM Inventory Objective held at higher classification.
Justification
Justification — LRASM
FY 2026 funding procures a total of 56 LRASM AURs, to include 30 AGM-158C-1 and 26 AGM-158C-3. FY 2026 is the second order year to procure quantities under the Multiyear Procurement (MYP) contract. FY 2026 funds efforts associated with satisfying Congressionally directed Operational Testing, which includes telemetry kit installations and test support. FY 2026 reflects the latest cost estimate for the procurement of an AGM-158 variant that provides the C++ software, BLOS Weapons Data Link, advanced survivability, and the JASSM-ER range and strike capability. The FY 2026 request for LRASM includes $243.217M of discretionary and $288.225M of mandatory (reconciliation) for a total of $531.442M. The mandatory funds will be utilized for procurement of LRASM AURs (qty 64). This results in an increase in DON FY 2026 quantities from 56 LRASM AURs to 120 LRASM AURs. Further information for this reconciliation request is provided in Section 20004 (Munitions & Supply Chain) of the Reconciliation Exhibit. Failure to receive the discretionary and mandatory funds will prevent the program from procuring the required amount of AURs to fulfill the contracted quantity on the Multi-Year Procurement contract with Lockheed Martin. Procuring below the contracted quantity would result in cancellation fees at a significant cost to the Government.
Budget line items(workbook-cited)
P-1/R-1 workbook Total Obligation Authority basis (USD thousands) · PB2026.
Exhibit P-1
| Account | Org | Type | Amount |
|---|---|---|---|
| Weapons Procurement, Navy | N | FY24 Actuals | $599.6M |
| Weapons Procurement, Navy | N | FY25 Enacted | $326.4M |
| Weapons Procurement, Navy | N | FY26 Disc. Request | $243.2M |
| Weapons Procurement, Navy | N | FY26 Reconciliation | $288.2M |
| Weapons Procurement, Navy | N | FY26 Total | $531.4M |
Budget Details(R-2/P-40 facts)
J-book detail basis (R-2/P-40, USD millions) · PB2026 — a different accounting basis from the P-1/R-1 workbook TOA above; where the two disagree, the reconciliation strip under Budget figures shows both.
Wider than this screen — swipe the table sideways for the remaining fiscal-year columns.
| Project | All Prior Years | FY24 Actuals | FY25 Total | FY26 Base | FY26 Request |
|---|---|---|---|---|---|
| Program Element | $898.5M | $599.6M | $326.4M | $243.2M | $243.2M |
Follow the dollar
Appropriation → program element → top high-confidence awards → recipient families → congressional districts.
Follow-the-dollar covers 312 of 1,938 programs — only high-confidence budget→award links are shown. why coverage is partial? →
The diagram illustrates the cited table below — amounts shown in the diagram are transaction sums per award (no citation chips); the per-district obligations in the table cite USAspending queries.
| District | Program obligations |
|---|---|
| FL-10 | $662.3M |
Related awards
Award linkage is shown for 32 of 200 profiled companies — high- and medium-confidence USAspending matches, each row labeled; medium is the weaker evidence. why partial award coverage? →
| Recipient | PIID | Confidence |
|---|---|---|
| LOCKHEED MARTIN CORPORATION | N0001919G0011 | high |
| LOCKHEED MARTIN CORPORATION | N0001922F0010 | high |
Contractor concentration
No concentration index is published for this line. This line's high-confidence links do not clear the floor for a published concentration index — at least 3 awards across 2 contractor families holding positive obligations, with positive net linked dollars. An index below that floor is a fact about the sample, not about the market. Whatever further links this line carries are medium-confidence, and what each medium evidence path does and does not establish is set out in the methodology. Both bases are in the downloadable warehouse.
Lobbying mentions
No Senate LDA lobbying filing in the tracked data mentions this program element by code or alias.
Oversight
Department-level designation (not specific to this program)
GAO lists 5 high-risk areas for DOD as a whole. That designation covers the department, not LRASM. No program-specific GAO finding for this line is in the ingested data. See the DOD oversight record.
Program dossier
No research dossier for this program — dossiers cover 50 of 1,938 programs, the largest fully J-book-detailed lines by FY2026 requested dollars. why no dossier here? →
Primary sources
Open any budget figure for its exact receipt. Verified line items lead with the highlighted government PDF; original spreadsheets download with their budget edition and exhibit in the filename.
Budget totals · TOA sources
FY2026 Department of Defense Budget: Procurement Programs (P-1) · comptroller.war.gov
Exhibit P-1 · O413
Complete workbook · unchanged saved copy. Saves as PB2026_DoD_P-1_Procurement.xlsx.
FY2024 Department of Defense Budget: Procurement Programs (P-1) · comptroller.war.gov
Exhibit P-1 · O420
Complete workbook · unchanged saved copy. Saves as PB2024_DoD_P-1_Procurement.xlsx.
FY2025 Department of Defense Budget: Procurement Programs (P-1) · comptroller.war.gov
Exhibit P-1 · O423
Complete workbook · unchanged saved copy. Saves as PB2025_DoD_P-1_Procurement.xlsx.
Detailed budget justification
The related TOA spreadsheets above use a different accounting basis from R-2/P-40 detail. Their amounts are not assumed to match these detailed sources.