Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles as the defense contractor works to tap a U.S. need to ...

Defense contractor Lockheed Martin (NYSE:LMT) has unveiled the Common Multi-Mission Truck (CMMT), a new low-cost cruise missile priced at $150,000 with a range exceeding 500 miles.

A Bethesda-based defense manufacturer has started the testing of its latest low-cost cruise missile ... based engineering ...

Lockheed Martin is testing a new, “cheap” cruise missile to complement the company’s existing “expensive” cruise missiles, the AGM-158 Joint Air-to-Surface Standoff Missile (JASSM ...