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Lockheed, Raytheon Win Air Force Contracts For New Nuclear Cruise Missile

By Marc Selinger

Monday, August 28th, 2017

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Lockheed Martin [LMT] and Raytheon [RTN] received contracts Aug. 23 to mature designs for the Long Range Standoff Weapon (LRSO), a replacement for the U.S. Air Force’s aging, nuclear-armed, air-launched cruise missile (ALCM).Each company has been awarded a 54-month contract valued at about $900 million for the program’s technology maturation and risk reduction (TMRR) phase. When the contracts wrap up in 2022, the Air Force plans to pick one of the firms for LRSO’s engineering and manufacturing development, production and deployment."This weapon will…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

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Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

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Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

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