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 Conducts Successful PAC-3 MSE Missile Flight Test At White Sands Missile Range

DALLAS, June 6, 2013 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT) PAC-3 Missile Segment Enhancement (MSE) Missile successfully engaged, intercepted and destroyed two different threat representative targets during a flight test today at White Sands Missile Range, N.M.  

The first target engagement involved two PAC-3 MSE Missiles ripple fired against an advanced Tactical Ballistic Missile (TBM) target. The first MSE Missile successfully engaged a TBM target, while the second missile self-destructed as planned. A third PAC-3 MSE Missile engaged a BQM-74 cruise missile target. Preliminary data indicates that all test objectives were achieved.

"Today's test provides the final flight test data required to demonstrate the design maturity of the PAC-3 MSE configuration and its readiness to enter into production," said Richard McDaniel, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control. "Additionally, we demonstrated for the first time a multi-target engagement with MSE interceptors."

The PAC-3 and PAC-3 MSE Missiles are two of the world's most advanced, capable and reliable theater air and missile defense interceptors. They defeat advanced tactical ballistic and air breathing threats. As the most technologically advanced missiles for the PATRIOT air and missile defense system, PAC-3 and MSE Missiles significantly increase the system's firepower, allowing 16 PAC-3 or 12 MSE Missiles to be loaded in place of just four legacy PATRIOT PAC-2 missiles on the launcher. The PAC-3 MSE Missile is packaged in a single canister that stacks to provide even more loadout flexibility for the operational warfighter.

Lockheed Martin Missiles and Fire Control is prime contractor for the PAC-3 Missile Segment and Missile Segment Enhancement upgrades to the PATRIOT air defense system. The upgrades consist of the highly agile hit-to-kill PAC-3/MSE Missiles, the PAC-3 Missile canisters (in four/one packs), the Fire Solution Computer and the Enhanced Launcher Electronics System, all of which are modularly integrated into PATRIOT. 

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 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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