Cruise missile designers at two divisions of Lockheed Martin Corp. (LMT) are designing the Long Range Anti-Ship Missile (LRASM) for the U.S. Defense Advanced Research Projects Agency (DARPA) in Arlington, Va.
The LRASM and its missile guidance systems are under development at the Lockheed Martin Missiles and Fire Control segment in Grand Prairie, Texas, as well as at Lockheed Martin Missiles and Fire Control in Orlando, Fla., under terms of two separate $10 million contracts.
The new anti-ship missile and its associated missile electronics will provide Navy warships like the guided missile cruiser with the ability to attack important enemy ships outside the ranges of the enemy's ability to respond with anti-ship missiles of its own.
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