Lockheed Martin (NYSE: LMT) just went four-for-four. In a press release Wednesday, Lockheed Martin described how its new munition for the U.S. Navy's Advanced Gun System (designed for use aboard Zumwalt-class DDG 1000 guided missile destroyers) was fired four times against a variety of targets 45 miles away -- and hit and destroyed each and every one.
The munition in question, designated the Long Range Land Attack Projectile (LRLAP), is a 155-mm round designed to be fired from Zumwalt-class ships standing offshore in support of coastal expeditionary assaults or operations in or near coastal cities. Powered by a rocket motor and guided by electronics, the LRLAP is said to be three times more effective than the Navy's traditional 5-inch cannon rounds.
Lockheed Martin LRLAP program manager Richard Benton was quoted in the company press release as saying that, once approved for use, "LRLAP will greatly enhance the capability of the Navy to respond to fire support requests by deployed troops ashore."