Lockheed, Raytheon move on to next phase of LRSO competition

By Rachel Cohen / August 23, 2017 at 6:14 PM
Lockheed Martin and Raytheon will split about $1.8 billion to mature their proposed designs and begin prototyping for the Air Force's next-generation, air-launched nuclear cruise missile over nearly five years, the Air Force announced Wednesday. Each company received approximately $900 million to proceed to the technology-maturation and risk-reduction phase of the Long-Range Standoff Weapon competition to replace the 1980s-era AGM-86B Air-Launched Cruise Missile, Air Force spokeswoman Capt. Emily Grabowski said in an Aug. 23 statement. "The aging ALCM will continue...

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