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 Successfully Completes LRASM Vertical Launch System Tests





ORLANDO, Fla., June 3, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] successfully completed MK 41 Vertical Launch System (VLS) "push-through" testing of a simulated Long Range Anti-Ship Missile (LRASM).

Four consecutive tests verified that the simulated LRASM can break or "push through" the MK 41 canister's forward cover without causing damage to the composite structure, air data probe or coatings of the missile. The testing was part of a Lockheed Martin-funded shipboard integration effort to prove LRASM can successfully function as an Offensive Anti-Surface Warfare (OASuW) weapon. The push-through testing is an important risk reduction milestone critical to demonstrating LRASM's surface launch capability.

LRASM is an autonomous, precision-guided anti-ship standoff missile leveraging the successful Joint Air-to-Surface Standoff Missile Extended Range (JASSM-ER) heritage, and is designed to meet the needs of U.S. Navy and Air Force warfighters.

"These test results verified that the LRASM vehicle can break through the VLS cover without damage at realistic flight speeds," said Scott Callaway, LRASM surface launch program manager at Lockheed Martin Missiles and Fire Control. "Lockheed Martin is investing in the shipboard integration of LRASM and we are confident it will meet all the requirements for the U.S. Navy."

The push-through testing, as well as a successful missile-to-canister fit check and integrated test of the weapon control system and VLS, significantly reduced risk on the program. Lockheed Martin will fly a Boosted Test Vehicle (BTV) version of LRASM from a MK 41 VLS platform later this year, as well as in two government-funded Controlled Test Vehicle flights in 2014.

Armed with a proven penetrator and blast-fragmentation warhead, LRASM cruises autonomously, day or night, in all weather conditions. The missile employs a multi-modal sensor, weapon data link and an enhanced digital anti-jam Global Positioning System to detect and destroy specific targets within a group of ships.

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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

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