Pentagon Successfully Tests Lockheed's Missile-Tracking Radar for $175 Billion Golden Dome Shield
The Pentagon has completed a key test of a long-range radar system built by Lockheed Martin (LMT, Financials), marking a major step forward for the U.S. military's Golden Dome missile defense program.
Warning! GuruFocus has detected 3 Warning Signs with LMT.
Tested at Clear Space Force Station in central Alaska, the Long Range Discrimination Radar successfully tracked and reported missile data on Monday, according to a Department of Defense statement released Tuesday. The radar demonstrated its ability to detect threats over 2,000 kilometers awaycapabilities designed to enhance U.S. defenses against potential missile attacks from Russia, China, North Korea, or Iran.
The radar integrates with America's existing Ground-Based Midcourse Defense system and is intended to strengthen interceptors already deployed in Alaska and California. The system is expected to form a key pillar of the Golden Dome, a $175 billion initiative aiming to build a layered satellite- and radar-based missile defense shield.
The test involved a simulated target launched over the Northern Pacific Ocean; the LRDR successfully acquired and tracked the object as it approached U.S. airspace.
The test was a joint operation between the Missile Defense Agency, U.S. Space Force, and U.S. Northern Command. Lockheed Martin's stock slipped 2.86% Tuesday, though analysts see continued momentum as defense spending ramps up in the wake of rising geopolitical threats.
This article first appeared on GuruFocus.
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