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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 Tuesday.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…
