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Pentagon Continues Development of Conventional Prompt Global Strike Vehicle

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By Marina Malenic The Air Force has awarded Lockheed Martin [LMT] a $16 million contract for all design elements through the preliminary design review of a new flight- test vehicle demonstrator for a conventional prompt global strike capability, one of three major efforts under way in the Defense Department. The contract, announced last month, is for the second of a two-phase Air Force effort to design a Prompt Global Strike (PGS) Payload Delivery Vehicle. The program is derived from a…

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