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
TheStreet Open House

Lockheed Martin's JASSM® Extended Range Successfully Completes IOT&E Flight Testing

ORLANDO, Fla., May 13, 2013 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile (JASSM ®) Extended Range successfully completed U.S. Air Force Initial Operational Test and Evaluation (IOT&E) flight testing, scoring 20 successes in 21 flights, a success rate of 95 percent.

The JASSM-ER missiles demonstrated their effectiveness against a wide variety of operationally representative targets. The missiles were employed in all of the operational flight modes at the full range of release conditions. These missions were designed to validate the full operational capability for the B-1B/JASSM-ER weapon system.

"These flight tests demonstrate the operational effectiveness, suitability and overall mission capability of the JASSM-ER system," said Dave Melvin, long range strike systems program manager at Lockheed Martin Missiles and Fire Control. "The successful completion of the testing program was the final milestone before a planned full-rate production decision, expected later in 2013."

The successful completion of IOT&E testing follows several JASSM program milestones including:

  • Completion of Lot 6 baseline missile reliability assessment flights
  • Letter of offer and acceptance from the Republic of Finland to integrate JASSM onto its F/A-18 C/D aircraft
  • The U.S. Air Force Lot 10 contract award and integration on the U.S. Air Force F-15E.

JASSM is an autonomous, air-to-ground, precision-guided standoff missile designed to meet the needs of U.S. and allied warfighters. Armed with a penetrator and blast fragmentation warhead, JASSM cruises autonomously, day or night, in all weather conditions. The missile employs an infrared seeker and enhanced digital anti-jam GPS to find specific points on targets.

JASSM is integrated on the U.S. Air Force's B-1, B-2, B-52, F-16 and F-15E. Internationally, JASSM is integrated on the F/A-18A/B for the Royal Australian Air Force. Future integration efforts will focus on the U.S. and international versions of the Lockheed Martin F-35 Lightning II fighter aircraft and other international platforms such as the Finnish F/A-18 C/D.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs