The INSIDER daily digest -- July 26, 2021

By John Liang / July 26, 2021 at 1:34 PM

This Monday INSIDER Daily Digest has news on Lockheed Martin's quarterly earnings, a recent missile defense intercept test and more.

We start off with Lockheed Martin's quarterly earnings call with Wall Street analysts this morning:

Lockheed discloses $225 million charge on classified aeronautics program

Lockheed Martin told investors today it took a $225 million hit in the second quarter of 2021 on a classified aeronautics development program.

. . . Followed by some missile defense news:

Simulated attack on aircraft carrier in 'most complex' missile defense test yields qualified result

The Missile Defense Agency, in the "most complex" missile defense flight test to date, is claiming partial success only in an attempted intercept of two short-range ballistic missile targets during the terminal phase -- a simulated last-line-of-defense for an aircraft carrier -- marking a second consecutive qualified result for the Standard Missile-6 Dual II variant since May.

Lawmakers want better insight into DOD missile defense decisions, advance other oversight proposals

A Senate panel wants better insight into high-level Pentagon missile defense acquisition matters, to block the Missile Defense Agency from long-term ownership of its fledgling Hypersonic and Ballistic Tracking Space Sensor project and an independent review of major radars the agency and the Navy are procuring for similar purposes.

The Army has whittled down its choices of potential contractors for the Optionally Manned Fighting Vehicle competition:

Army selects five companies for OMFV concept design

The Army has awarded contracts for the concept design phase of the Optionally Manned Fighting Vehicle competition to five companies, including one non-traditional contractor.

Last but certainly not least, some news on the Air Force's communications gateway prototype effort:

Following schedule slip, gateway prototype next slated to fly in early FY-22

The Air Force's communications gateway prototype is expected to next fly in early fiscal year 2022 after the product experienced a schedule slip that pushed back a planned demonstration slated for earlier this summer, according to a service spokesman.

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