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BAE, Lockheed Martin Explore Other Opportunities For AGS, LRLAP

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By Geoff Fein While the Navy and Marine Corps continue to study ways to deliver surface fire support, Lockheed Martin [LMT] and BAE Systems are working on an effort to take the Long Range Land Attack Projectile (LRLAP) designed for DDG-1000, and turn it into a 5-inch guided rocket. Last summer BAE and Lockheed Martin announced they were partnering to develop a 5-inch precision-guided Extended Range Munition (ERM) for the Navy. In March '08, the Navy ceased funding Raytheon's [RTN]…

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