Lockheed Finishes Risk Reduction Test for TPY-4 Radar: Time to Buy?
LMTLockheed Martin(LMT) ZACKS·2024-09-19 22:15

Lockheed Martin Corp. (LMT) recently completed the risk reduction testing for the TPY-4 radar, thereby making progress in the Three-Dimensional Expeditionary Long-Range Radar (“3DELRR”) program. Notably, in February 2022, the U.S. Air Force selected Lockheed as the primary contractor for the 3DELRR program to provide a radar that will perform long-range detection of both air-breathing threats and theater ballistic missiles. The selection of Lockheed as the provider of the radar under the 3DELRR program, whi ...