
The Navy awarded Lockheed Martin [LMT] and Raytheon Technologies [RTX] $116 million in contracts on March 27 to start developing anti-ship air-launched hypersonic weapons that can be based on aircraft carriers, with the preliminary design phase ending next year. The service is aiming for this system, dubbed the Hypersonic Air Launched Offensive Anti-Surface (HALO) weapon, to help the Navy operate and control contested spaces in littoral waters and anti-access/area denial (A1/AD) environments, largely referring to waters closer to China. The…