Robert Besser
29 Jun 2022, 21:16 GMT+10
WASHINGTON D.C.: Raytheon Technologies and Northrop Grumman have won U.S. contracts to develop missiles to intercept hypersonic weapons.
The decision means competitor Lockheed Martin, America's leading defense contractor, has been eliminated from the multibillion dollar program, but could return at a later date.
In November, all three companies were awarded separate contracts to develop an interceptor missile guided by satellites and sensors to destroy an incoming hypersonic missile.
The contract was valued at some $60 million.
The move will reduce the number of companies developing the systems to just two, though Lockheed Martin has the right to appeal the decision.
The Missile Defense Agency (MDA) awarded a contract of up to $62 million to Raytheon and up to $60 million to Northrup to continue developing anti-hypersonic weapons, which fly at speeds five times the speed of sound and can maneuver mid-flight, making them difficult to track.
According to a recent report by the Government Accountability Office (GAO), the MDA's internal cost estimates for the new weapons are between $3.7 and $4.2 billion.
The 2023 draft defense budget of the U.S. Congress, which has yet to be finalized, includes funding for the development of the program.
Get a daily dose of Toronto Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Toronto Telegraph.
More InformationWASHINGTON D.C.: The U.S.Department of Justice is reportedly preparing to sue Google as soon as next month, claiming that the ...
SYDNEY, NSW, Australia - Stocks in Japan surged on Friday as investors and traders returned to their desks after a ...
LONDON, England: A survey conducted by YouGov and consultancy Cebr reported that UK consumer confidence slowly rose in July, after ...
DHAKA, Bangladesh - Foreign Minister AK Abdul Momen has stated that the Switzerland Ambassador to Bangladesh Nathalie Chuard's claims that ...
NEW YORK, New York - Stocks closed mixed the world over Thursday as investors struggled to get a clear picture ...
NEW YORK CITY, New York: In another frustrating day for U.S. travelers, on the morning of August 9, 153 flights ...
OTTAWA, Ontario: Military trainers from Canada will head to the United Kingdom to teach Ukrainians new techniques for fighting the ...
The crucial part for the Nord Stream 1 pipeline has been stuck in Germany following repairs in CanadaGerman Chancellor Olaf ...
The tennis great was easily beaten in the second round of the Canadian OpenTennis icon Serena Williams' farewell to the ...
It was a loss that made the biggest news at the National Bank Open in Toronto on Wednesday as Serena ...
The field will be the star when the Chicago Cubs play the Cincinnati Reds in the second annual "Field of ...
Just a day after announcing she plans to wind down her tennis career, Serena Williams exited the National Bank Open ...