Lockheed Martin Looks to Upend Cruise Missile Market With $150K CMMT  Plus

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In a market where cruise missiles often carry a seven-figure price tag, Lockheed Martin is betting on a new concept: “affordable mass.”

The Common Multi-Mission Truck (CMMT) was unveiled earlier this month as a modular, multirole cruise missile that could cost $150,000 per unit, or, in other words, about one-tenth (or less) that of a cruise missile today.

For reference, in January 2024, Japan signed a $1.7 billion USD contract for up to 400 Tomahawk Block-IV and Block-V cruise missiles – i.e., $4.25 million USD a missile.

Granted, the Tomahawk Block-IV and Block-V provide ranges exceeding 1,500 km. However, with Lockheed Martin working to achieve a reach of “multiple hundreds of miles,” the CMMT could deliver far more than one would perceive from its price point.

In fact, a reach of even 25% at less than 5% of the cost of the Tomahawk would be a major achievement.