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Lockheed Martin plans to unveil ‘affordable' $150,000 cruise missile

1. Lockheed Martin unveils a low-cost cruise missile at $150,000. 2. New missile aims to deter Chinese ambitions in the Pacific. 3. Production capacity could reach 2,500 units per year if Pentagon approves. 4. Missile designed to fill gaps in existing weapon inventory strategies. 5. Modular design allows for various mission adaptations and capabilities.

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FAQ

Why Bullish?

Lockheed Martin's introduction of an affordable missile could enhance market demand, similar to prior increases in defense orders post geopolitical crises.

How important is it?

The missile directly addresses defense needs and may significantly boost Lockheed's revenue.

Why Long Term?

As global defense priorities evolve, this missile could lead to sustained government contracts, boosting revenues over several years.

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