Lockheed Martin (NYSE: LMT) announced that using the PAC-3 Missile Segment Enhancement (MSE), they successfully intercepted a threat representative tactical ballistic missile target yesterday at White Sands Missile Range, N.M.
The Missile provides increased performance, greater altitude and rage than the baseline PAC-3 Cost Reduction Initiative (CRI) Missile. The PAC-3 Missile is the only Patriot missile that uses hit to kill technology in order to destroy incoming targets.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
Upgrades in the PAC-3 MSE include the solid rocket motor now having a second pulse and being larger in diameter. Aerodynamic surfaces are larger and the span of the aft control surfaces is greater t accommodate the increased performance envelope. Thermal batteries were sized to be more consistent with increased performance and longer mission time. It is also now packaged in a single canister which stacks to provide flexibility for the Patriot of MEADS launcher load-out requirements.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.