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LMT Lockheed Martin Corp

466.68
3.90 (0.84%)
After Hours
Last Updated: 22:40:15
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lockheed Martin Corp NYSE:LMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  3.90 0.84% 466.68 466.81 463.16 464.00 723,436 22:40:15

Mission Success: Lockheed Martin's PAC-3 Interceptor Test Proves Reliability

07/11/2019 7:01pm

PR Newswire (US)


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DALLAS, Nov. 7, 2019 /PRNewswire/ -- Two Lockheed Martin (NYSE: LMT) PAC-3 Cost Reduction Initiative (CRI) interceptors successfully intercepted two tactical ballistic missile targets today in a test at White Sands Missile Range, New Mexico. The PAC-3 CRI intercepts support the U.S. Army's Field Surveillance Program (FSP) ensuring the reliability and readiness of fielded PAC-3 missiles. The test also marked the twelfth and thirteenth successful PAC-3 CRI FSP intercepts in seven years.

Lockheed Martin Logo. (PRNewsfoto/Lockheed Martin)

The U.S. Army-led missile defense flight test demonstrated the unique Hit-to-Kill capability of the PAC-3 family of missiles which defends against threats through body-to-body contact. The test also reconfirmed PAC-3 CRI's ability to detect, track and intercept incoming missiles while meeting fielded reliability requirements. The test was observed by representatives from the U.S. Army and current and potential Foreign Military Sales PAC-3 customers.

"PAC-3 continues its long history of reliability and readiness in the field and remains the only combat proven Hit-to-Kill interceptor in the world," said Jay Pitman, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control. "Today's global security environment demands reliable solutions. We expect PAC-3 interceptors to continue serving as an essential element in integrated, layered defense systems."

The PAC-3 CRI and MSE are high-velocity interceptors that defend against incoming threats, including tactical ballistic missiles, cruise missiles and aircraft. Fourteen nations have procured the PAC-3 missile defense interceptor: the U.S., Germany, Kuwait, Japan, Qatar, Republic of Korea, Kingdom of Saudi Arabia, Taiwan, the Netherlands, United Arab Emirates, Romania, Poland, Sweden and Bahrain.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mission-success-lockheed-martins-pac-3-interceptor-test-proves-reliability-300954186.html

SOURCE Lockheed Martin

Copyright 2019 PR Newswire

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