Friday, August 21, 2009
Lockheed's JASSM Missile Nearing Critical Tests
From Reuters:
WASHINGTON, Aug 18 (Reuters) - Lockheed Martin Corp (LMT.N) said it has invested tens of millions of dollars to improve the reliability of its troubled JASSM cruise missile ahead of tests that could make or break the future of the $6 billion program.
Christopher Kubasik, who runs the Lockheed sector that includes missile programs, told Reuters the company had "made a significant financial contribution to increase the reliability of this program." He gave no specific sum but said the numbers were in the tens of millions of dollars.
Read more ....
My Comment: After spending millions of dollars for a program that will mean billions in contracts .... you better make sure that it works.
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