Printed from https://fiscalreceipts.com/program/LRASM0/ — built September 26, 2026. Every figure is citation-backed; see the page online for per-number provenance.
LRASM0
Watch this program
Budget figures
$294.4M discretionary + $112.2M one-time reconciliation. Discretionary change vs FY2025 enacted: -16.9%.
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 · $406.6M TOA − $294.4M J-book line = 112.2M (406.6 − 294.4 = 112.2) — $112.2M 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 | $514.9M |
| FY25 | $354.1M |
| FY26 | $406.6M |
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 | $0 | $211.6M | $514.9M | ||
| Enacted | – | $106.0M | $187.7M | $354.1M | |
| Request | – | – | $187.7M | $354.1M | $406.6M |
blank = series not published for this year; – = absent from that edition.
Asked vs spent: the PB2024 book requested $187.7M for FY2024; the PB2026 book reported $514.9M as actual total obligation authority — $327.3M above the request. 514.93 − 187.67 = 327.26 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 — LRASM0
In the FY 2024 budget request, the Department is initiating a Multiyear Procurement (MYP) strategy for LRASM, 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. The Long Range Anti-Ship Missile (LRASM) is an ACAT 1C program and increment 1 of the Offensive Anti-Surface Warfare (OASuW) weapon development program. LRASM (AGM-158C) addresses an air-launch capability gap by providing flexible, long-range, advanced, anti-surface capability against high-threat maritime targets. LRASM (AGM-158C) achieved Early Operational Capability (EOC) in December 2018 on the USAF B-1 Lancer and EOC on the USN F/A-18E/F Super Hornet in November 2019. The USN is the lead service for the LRASM program. LRASM is highly leveraged on the design of the Joint Air-to-Surface Standoff Missile-Extended Range (JASSM-ER). LRASM and JASSM-ER have over 70% hardware commonality and share the same production assembly line. The USAF and USN jointly procure LRASMs via a USAF contract that benefits from cost savings when aligned with JASSM-ER procurements. LRASM All Up Round (AUR) unit cost and quantities in this Program Element (PE) are dependent on USN LRASM PE 0204167N and USAF JASSM PE 0207325F. In the FY 2024 budget request, the Department initiated a Multiyear Procurement (MYP) strategy for JASSM and LRASM under the Large Lot Procurement (LLP) concept. The MYP will 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 stabilization of the industrial base. FY 2024 Procurement fully funds the 8th production lot for the LRASM Program as well as provides Economic Order Quantities for Lots 9-12 under the MYP strategy. FY 2025 aligns the first year of LRASM MYP and Lot 9 procurement of AGM-158C (1.0/1.1) and AGM-158C-3 variants. The LRASM AGM-158C-3 variant will be a forward fit Engineering Change Proposal (ECP) to the AGM-158C, to enhance long range strike and existing OASuW capability. In FY26, the USAF will continue procuring LRASM C-1s and LRASM C-3s, until the missile inventory objective is met. LRASM C-3 (AGM-158C-3) EOC on the USN F/A-18E/F is planned by 4QCY26 while USAF C-3 integration on the B-1B is funded in FY26-28. In addition to procuring LRASM All Up Rounds, funds in this exhibit will be used for production tooling & equipment and addressing Diminishing Manufacturing Sources and Material Shortages (DMSMS) issues through studies, bridge buys, life of type buys, supplier/parts replacement, to include electronic components used commercially and in short supply and qualification and reliability activities to preserve future production capabilities and capacities. This requirement supports performance of a full financial audit as required by Tittle 10 U.S.C. Charter 9A, Sec 240D. Funding for this exhibit is contained in PE 0207325F. The FY 2026 request for the Long-Range Anti-ship Missile (LRASM) includes $294,401 thousand of discretionary and $112,225 thousand of mandatory (reconciliation) for a total of $406,626 thousand. The mandatory funds will procure an additional 25 LRASMs in FY 2026. Further information for this reconciliation request is provided in Chapter 20004 (Munitions & Supply Chain) of the Reconciliation Exhibit.
Justification
Justification — LRASM0
FY 2026 funding totals include $319.369M in base dollars to procure 93 missiles. FY 2025 funding (combined with the FY 2024 Advance Procurement amount $24.968 million supporting Lot 9) provides $379.067 million to procure 115 missiles. FY 2024, funding included $415.056M and procured 118 missiles at 3.517 cost per missile. Of the $415.056M, $115.92 million was Ukraine PDA replacement funds via reprogramming action. Note: Procurement quantities can change based on negotiated options/pricing bands and available funding, in accordance with Title 10, U.S. Code Section 3069 BUY-TO-BUDGET ACQUISITION.
Budget line items(workbook-cited)
P-1/R-1 workbook Total Obligation Authority basis (USD thousands) · PB2026.
Exhibit P-1
| Account | Org | Type | Amount |
|---|---|---|---|
| Missile Procurement, Air Force | F | FY24 Actuals | $514.9M |
| Missile Procurement, Air Force | F | FY25 Enacted | $354.1M |
| Missile Procurement, Air Force | F | FY26 Disc. Request | $294.4M |
| Missile Procurement, Air Force | F | FY26 Reconciliation | $112.2M |
| Missile Procurement, Air Force | F | FY26 Total | $406.6M |
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 | $418.9M | $514.9M | $354.1M | $294.4M | $294.4M |
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.
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 | FA868217C0037 | high |
| LOCKHEED MARTIN CORPORATION | FA868219C0010 | high |
| LOCKHEED MARTIN CORPORATION | FA868220C0003 | high |
| LOCKHEED MARTIN CORPORATION | FA868221C0004 | high |
| LOCKHEED MARTIN CORPORATION | FA868224CB001 | 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 LRASM0. 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 · O957,O959
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 · O920,O921
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 · O972
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.
FY2026 Air Force Missile Procurement · www.saffm.hq.af.mil
PDF page 109