
The Air Force plans to continue building its next nuclear cruise missile, the Long-Range Standoff Weapon (LRSO), with Raytheon [RTN] as the sole-source contractor according to an April 17 release, years ahead of an expected down-select. Both Raytheon and Lockheed Martin [LMT] have been developing LRSO designs under Technology Maturation and Risk Reduction (TMRR) phase contracts, awarded in 2017. Per Friday’s release on the Air Force Nuclear Weapons Center’s website, the service decided to focus on Raytheon’s design after completing…