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BAE Systems said Monday it received a $117 million contract from Lockheed Martin [LMT] to produce new missile seekers for the latter’s Long Range Anti-Ship Missile (LRASM). BAE said this seeker technology allows the LRASM to detect and engage specific maritime targets in “contested environments with less dependence on traditional navigation systems.” The company noted the new seekers will reduce overall missile costs because they are more capable and easier to procure, “with less-complicated manufacturing processes. The next-generation seekers have…
