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Lockheed Martin Working Over $3.5 Billion In Hypersonic Programs; Northrop, Raytheon Playing Too

Cal Biesecker By
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Lockheed Martin Working Over $3.5 Billion In Hypersonic Programs; Northrop, Raytheon Playing Too
Artist rendering of scramjet-powered hypersonic tactical missile being developed by Raytheon and Northrop Grumman. (Rendering by Northrop Grumman and Raytheon)

Lockheed Martin [LMT] has more than $3.5 billion worth of business it has captured in hypersonic weapons, with a lot of the development work expected to move into the prototype phase in 2019 with potential production decisions about two years away, company executives said last week. The hypersonic contracts, which include work from all the military services and the Defense Advanced Research Projects Agency, are either in backlog or about to go into backlog, Ken Possenriede, Lockheed Martin’s chief financial…

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