Lockheed Martin Corporation (NYSE:LMT) Inching Closer To Producing Planes Capable Of Cruising At Six Times The Speed Of Sound
Lockheed Martin Corporation (NYSE:LMT) recently provided an update on its hypersonic program, saying it was working on building planes capable of flying at six times the speed of sound, technically referred to as Mach 6. Such an aircraft could dramatically transform global security strategies at a time when the nature of global security threats is also changing.
With an aircraft that can reach Mach 6, the U.S. military, for instance, could strike targets worldwide in just a matter of an hour.
Low-cost super high-speed plane
Lockheed Martin Corporation (NYSE:LMT) is also looking into ways to produce the envisaged Mach 6 planes at low cost. According to the company’s CEO, Marillyn Hewson, they are working on a program that could allow them to produce a Mach 6 demonstrator aircraft of the size of an F-22 for less than $1 billion.
Without considering the cost first, a plane capable of cruising at six times the speed of sound could be a significant breakthrough in warplane production. It could go a long way into lifting limits of present force and bolstering efforts to combat global security threats. A Mach 6 aircraft can respond to security threats much more quickly than conventional fighter jets.
Lockheed Martin Corporation (NYSE:LMT) says it has already made progress towards building hypersonic aircraft with a configurable capable of reaching Mach 6 speed already done.
That comes at a time when the U.S. Defense Department is in search for what it calls prompt global strike capabilities. It is a case where the U.S. can carry out attack on any location on Earth within the shortest time possible, preferably an hour or shorter.
However, the U.S. government’s current plan is to produce a hypersonic weapon before it can develop a hypersonic aircraft. But Lockheed has already set its hypersonic program on motion to ensure that it is ready to produce hypersonic warplane when it receives an order for it.
Helicopter issue revisited
It has seemed to some investors that the acquisition of Sikorsky for $9 billion was a wrong move by Lockheed Martin Corporation (NYSE:LMT). The company had an eye on the energy industry when it acquired the helicopter maker, but the rout in oil prices has meant that energy companies are cutting spending, thus limiting the sale of the helicopters. However, CEO Hewson maintains that Sikorsky remains a great opportunity for Lockheed, because their focus in making the deal was on three decades out but not three years out.
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