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Wednesday, July 01, 2009
Lockheed $6 Billion Missile Program May Be Killed, U.S. Says
A $6 billion Lockheed Martin Corp. cruise missile program may be terminated if its testing record doesn’t improve, according to the U.S. Air Force.
The weapon was declared combat-ready five years ago and has been deployed even though it has a history of failure in testing.
Four of 10 missiles tested during November, January and February didn’t detonate on impact or hit the target -- a reliability rate of 60 percent.
The Air Force demands a rate of at least 80 percent and the program is expected to reach 90 percent within four years.
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