Artist's conception of the HSSW, coming to a secure, undisclosed location near you by 2030. Source: Lockheed Martin

Good news, bad news -- which would you like first?

Actually, let's start with the good news. In December, we learned that U.S. defense contractor Lockheed Martin  is developing a new superfast, hypersonic bomber dubbed SR-72 (or more poetically "Son of Blackbird"). Traveling at heights of 80,000 feet, and speeds of Mach 6 and up, this futuristic warplane will launch missiles nearly as blistering-fast -- Mach 5 or better.


As Lockheed Martin tells it, the combination of a hypersonic SR-72, and its on-board High Speed Strike Weapon (HSSW) will be a true "game-changer" in modern warfare. Once the weapons systems go live in 2030, they'll be capable of striking an enemy at "nearly any location across a continent in less than an hour." What's more, Lockheed isn't even the only company working on such "scramjet" powered missiles. Boeing  has one in development, too, the so-called X-51 WaveRider, and like Lockheed's rocket, it travels at Mach 5.


Boeing's version of Lockheed's HSSW -- the WaveRider. Source: Wikimedia Commons

But now here's the bad news:

China's got a hypersonic missile, too. And it's twice as fast as ours.

On Thursday, British newspaper The Guardian reported that China has just become the second country on the globe to conduct test flights of hypersonic missiles. The Chinese version, dubbed "WU-14," fired off on Jan. 9, and according to press reports achieved a speed of Mach 10, putting even the best U.S. hypersonics to shame.

So far, no many people seem eager to talk about China's test. Not the Chinese, who obliquely declined to either confirm or deny that the test took place, referring only to unspecified "planned domestic scientific research and experiments" that "are normal" and "not aimed at any country or target." Not the U.S. military, either, who did confirm that it was aware of the test that China won't comment on, saying only "we're aware of the test of the hypersonic vehicle."

One final bit of good news -- for defense contractors
In fact, it seems the only folks who do want to talk about China's new Mach 10 missile are members of the U.S. Congress -- three in particular, House Armed Services Committee Chairman Howard "Buck" McKeon among them. Their take on China's missile, though, may be especially instructive: "While round after round of defence cuts have knocked America's technological advantage on its back, the Chinese and other competitor nations push toward military parity with the United States; in some cases, as in this one, they appear to be leaping ahead of us."

Already, Congress has allotted $200 million to the Pentagon researching hypersonics. Could be, that number is going to go up in 2014. As for how much it goes up, though... that probably depends to a great extent on just how successful China's tests are going.

Invest before it's "news"China's hypersonic missile test was big news around the globe. But not all companies are as open and revealing about their secrets as... the Communist government of China. In fact, some of them are downright stingy with their secrets -- but never fear! Our top technology analyst recently infiltrated one of Wall Street's most exclusive gatherings and left with three incredible investment opportunities, straight from the CEOs. These are profit-building strategies Main Street isn't meant to hear about -- so you must act now before someone shuts us up. Click if you want "industry insider" earnings -- now!

The article Is China's Mach 10 Missile a Game Changer? originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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