Another type of missile currently under evaluation is the Joint Air-to-Ground Missile (JAGM), designed to replace seven types of missiles currently in the inventory of US forces. While JAGM has yet to become a formal 'program of record', the need for such weapon is clear and most of the technologies are mature, as it roots to the Joint Common Missile, cancelled by the Army few years back.

JAGM is designed as a single missile replacing seven different variants of TOW, Hellfire and Maverick carried by helicopters, attack aircraft and UAVs. JAGM will have a range exceeding 20 km, more than doubling the current Hellfire range. Unlike the current weapons, optimized for specific environmental and target conditions, JAGM will be equipped with a tri-modal seeker, multi-purpose warhead and fusing to match all environmental conditions and target sets. This combination will enable JAGM to engage hard (armored) and asymmetric (soft targets or in structures) targets in day or night, in adverse weather and under obscured and countermeasure environment. It will also have a built-in precursor warhead, standardized electronic safe, arm and fire and improved low-signature propulsion improving performance and reliability compared to current weapons. Another advantage over current weapons will be advanced countermeasures, against active protection systems, (CAPS).

The missile will retain flexible targeting methods, including autonomous target acquisition, 'lock on before launch' and 'lock on after launch' capability. This missile will carry an integral internet protocol (IP) based data radio, providing access to 'targeting during fly', from multiple sources.

JAGM is expected to remain compatible with the currently used with US Army, Air Force Marines and Naval aircraft and helicopters, thus reducing developmental, engineering and logistical impact associated with the fielding of a new weapon system. Several companies are positioned to compete for the new program. In April 2008 Boeing and Raytheon announced a teaming agreement addresing JAGM. If the team wins the bid, Raytheon will be the prime contractor. Lockheed Martin, which won the previous the ill-fated JCM contract is also believed to be in the race. By September 2008 two companies will be selected for the technology demonstration phase, to be followed by flight testing and 'fly off' for the final selection. The entire program is expected to cost about US$7 billion.