Author: Brenda Marie Rivers|| Date Published: June 15, 2020
Advanced Technology International, a nonprofit subsidiary of Analytic Services, has been awarded a potential $180.8M other transaction agreement to mature technology and develop risk reduction measures for the U.S. Army's Precision Strike Missile program.
The service branch obligated the full amount at the time of award using its research, development, test and evaluation funds, the Department of Defense said Friday.
ATI will perform work in Grand Prairie, Texas, and Summerville, S.C., through Nov. 20, 2021.
Lockheed Martin (NYSE: LMT) completed the third and final demonstration of its proposed PrSM surface-to-surface weapon system in April.
The Army wants a baseline missile technology that can engage targets at a range of up to 310 miles through an indirect precision firing mechanism.
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