This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lockheed Martin PAC-3 Missile Intercepts And Destroys Tactical Ballistic Missile In New Test

DALLAS, April 12, 2013 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT) PAC-3 Missile successfully detected, tracked and intercepted a tactical ballistic missile (TBM) in a Lower Tier Project Office flight test today at White Sands Missile Range, N.M. 

Two PAC-3 Missiles were ripple-fired in the test per current doctrine. The first interceptor destroyed the target and the second PAC-3 Missile self-destructed as planned. Mission objectives were focused on reducing risk for a flight test of the PAC-3 Missile Segment Enhancement (MSE) scheduled later this year. 

"Today's flight test provided us the opportunity to demonstrate the PAC-3 Missile against a challenging TBM target," said Richard McDaniel, vice president of PAC-3 Missile programs at Lockheed Martin Missiles and Fire Control. "Our preliminary data indicate that all objectives were achieved."

The PAC-3 and MSE Missiles are two of the world's most advanced, capable and reliable theater air defense missiles. They defeat tactical ballistic and air breathing targets. As the most technologically advanced missile for the PATRIOT air defense system, PAC-3 significantly increases the PATRIOT system's firepower, allowing 16 PAC-3 Missiles to be loaded in place of just four legacy PATRIOT PAC-2 missiles on the launcher.  

Lockheed Martin is a world leader in systems integration and development of air and missile defense systems and technologies, including the first operational hit-to-kill missile. It also has considerable experience in missile design and production, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, as well as radar and signal processing. The company makes significant contributions to all major U.S. missile defense systems and participates in several global missile defense partnerships.

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S. Department of Commerce's Malcolm Baldrige National Quality Award for performance excellence. The Malcolm Baldrige Award represents the highest honor that can be awarded to American companies for their achievements in leadership, strategic planning, customer relations, measurement, analysis, workforce excellence, operations and results.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services.  The Corporation's net sales for 2012 were $47.2 billion.

For additional information, visit our website:

SOURCE Lockheed Martin

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs