The Missile Defense Agency has selected Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), to continue to develop a first-of-its-kind counter-hypersonic missile, the Glide Phase Interceptor. GPI is designed to intercept hypersonic weapons in the glide phase of flight, providing the U.S. and allies with an additional layer …
Read More »Lockheed Martin Wins Potential $928 Million Contract to Develop New Hypersonic Missile for the Air Force
The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a $928 million contract April 18 to develop a new missile that will travel more than five times faster than the speed of sound to overcome enemy defenses. Under the indefinite-delivery/indefinite-quantity contract, Lockheed Martin will develop the Hypersonic Conventional Strike Weapon …
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