Lockheed Martin is working through $2.5 billion in military contracts to develop a variety of hypersonic weapons in a bid to catch up with developments from China and Russia, company chief executive Marillyn Hewson said during a Tuesday earnings calls.
The Pentagon has made moves to accelerate the development of hypersonic weapons in its latest guiding documents, and that has driven investment from the company, Hewson said.
“We have been investing in hypersonics for many, many years, and as a result of that, that’s why we’re leading in this trend of being able to bring capabilities forward. In terms in how the market is developing, it’s basically threat-driven, if you look at what was in the National Defense Strategy, Missile Defense Review,” she said.
“It’s clearly a need for us to not only address hypersonics but also counter-hypersonics as well.”
USNI News, April 23, 2019
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