Lockheed's ballistic missile defense system clears latest hurdle

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Lockheed Martin Corp.’s (NYSE: LMT) latest ground-based ballistic missile defense system cleared an important milestone last month, paving the way for the Bethesda defense giant to go from building the prototype to the full system. The company announced Thursday the Long Range Discrimination Radar (LRDR) completed a design review with the Missile Defense Agency, setting it up for a design review in September. Finishing that stage would allow the LRDR to move into full-rate production, which is...

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