A former Lockheed Martin Skunk Works executive says the Pentagon’s desire for long-range hypersonic missiles simply costs too much.

Doug Howarth spent 31 years with Lockheed Martin, retiring as head of its Skunk Works Parametrics Analysis group in 2011. He was also production program manager for the F-117A.

For the last decade, Howarth’s company Hypernomics Inc. has done analytic work for NASA, Lockheed Martin and others. In that time, he and his colleagues have developed an economic analysis approach that he calls Hypernomics...

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