Lockheed Martin Wants to Build World's First Supersonic Business Jet

Fighter-jet manufacturer Lockheed Martin (NYSE: LMT) is going commercial, partnering with privately held Aerion to develop what would be the world's first supersonic business jet.

The two companies, working with the jet engine division of General Electric, said that over the next year they hope to finalize plans for the engineering, certification, and eventual production of the jet. They hope to combine the engineering and specialty-materials expertise Lockheed Martin has developed as the manufacturer of the F-35 and F-22 with Aerion's work on flying faster than the speed of sound to come up with a viable economic model.

A rendering of the Aerion AS2 in flight over New York City. Image source: Aerion.

Source: Fool.com