Aerospace Group:

Space

Army Kills SLAMRAAM, NLOS-LS Programs, Reinvests Savings

DDN

Monday, January 17th, 2011

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The Army proposes $29 billion in cost savings over five years, including termination of the Surface Launched Medium Range Air-to-Air Missile (SLAMRAAM) and Non-Line of Sight Launch System (NLOS- LS) as part of a major Defense Department effort to save more than $150 billion over five years. Savings from the Raytheon [RTN]-produced SLAMRAAM, and the NetFires LLC, Raytheon and Lockheed Martin [LMT] joint venture NLOS-LS--a next generation missile launcher that was part of the Future Combat System--will be reinvested to…

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