:

Lockheed Martin Conducts Successful PAC-3 Missile Interception Tests

By Matthew Beinart

Monday, March 12th, 2018

SHARE:

Lockheed Martin [LMT] recently conducted successful tactical ballistic missile interception tests for two of its PAC-3 Cost Reduction Initiative (CRI) interceptors, the company said March 6.The latest tests were the 10th and 11th successful intercepts in the last six years conducted under the Army’s Field Surveillance Program to ensure PAC-3 CRI readiness."PAC-3 continues to be successful against today's evolving threats, and it remains the only combat proven Hit-to-Kill interceptor in the world," Jay Pitman, vice president of PAC-3 programs for Lockheed…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]