Lockheed Martin Unveils New Counter-Drone Weapon and Low-Cost Interceptor

LDOS +1.23%

1. 1Lockheed Martin (LMT) has unveiled a new counter-drone weapon, MORFIUS X-Rotor, and a low-cost interceptor, PAC-3 ACE.
2. 2MORFIUS uses reusable high-power microwaves to neutralize multiple enemy drones at once, while PAC-3 ACE lowers the cost of intercepting aircraft, cruise missiles, and short-range ballistic missiles.
3. 3This month, Lockheed Martin won a $10.5 billion logistics contract and a $502 million Army contract, with shares up 0.4% in Monday's premarket trading.

Source The Wall Street Journal +4 · View original ↗

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