
Lockheed Martin [LMT] on Wednesday conducted its farthest test shot yet of the new Precision Strike Missile (PrSM), announcing the weapon “exceed[ed] maximum threshold” in its latest demonstration. Both Lockheed Martin and the Army’s Long Range Precision Fires Cross Functional Team declined to specify the exact distance accomplished, while a company official told reporters a day ahead of the demonstration that the maximum range test shot was intended to reach a range of 499 kilometers. “The Precision Strike Missile continues…