This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lockheed Martin's Second Generation Aegis Ballistic Missile Defense System Successfully Intercepts Ballistic Missile Target

Stocks in this article: LMT

KAUAI, Hawaii, May 16, 2013 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT) second-generation Aegis Ballistic Missile Defense (BMD) system achieved its fourth intercept since May 2012. The system successfully launched and guided a Standard Missile-3 (SM-3) Block IB missile to engage a sophisticated, separating short-range ballistic missile target.

During the Missile Defense Agency test, U.S. Navy sailors aboard USS Lake Erie (CG-70) used the Aegis BMD Weapon System in an operational test environment to discriminate a ballistic missile target among multiple separating objects designed to present a realistic threat scenario. The target, launched from the Navy's Pacific Missile Range Facility on Kauai, Hawaii, traveled approximately the distance from Boston to Washington, D.C.

"With every flight test, we've witnessed the ability of the sailors, the ship and the system to engage increasingly more sophisticated ballistic missile threats," said Nick Bucci, director of BMD development programs for Lockheed Martin's Mission Systems and Training. "Each success reaffirms Aegis as the foundation of a variety of systems that can combat the world's increasingly sophisticated enemy threats."

This firing test event marks the 10th time in four years that the USS Lake Erie and her crew have successfully performed at-sea operations against cruise and ballistic missile targets using the second-generation Aegis BMD system. The system was recently upgraded with faster, more powerful commercial-off-the-shelf signal processing equipment and updates to its weapon system computer programs.

The test also marks an important milestone for the Phased Adaptive Approach (PAA) to missile defense in Europe, demonstrating  PAA Phase 2 SM-3 Block IB capabilities planned for deployment in 2015 at a land-based Aegis Ashore site in Romania and aboard Navy ships to protect U.S. interests on the continent.

Aegis BMD's upgraded signal processor enables the Navy to defeat more sophisticated ballistic missile threats as a result of improved target identification capabilities. It includes an open architecture BMD computing suite that improves overall system capabilities and enables future insertion of more off-the-shelf products, third-party components and turn-key solutions.

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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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