Lockheed Wins $365M Storage, Test Support AF Award

Lockheed Martin‘s (NYSE: LMT) space systems company has won a 5 million U.S. Air Force contract modification to provide the branch storage and support for a launch delay, the Defense Department announced Friday.

The Pentagon said the branch is delaying the SV3 launch and needs storage for the mini-FIST test.

Work will occur in Sunnyvale, Calif., El Segundo, Calif. and Cape Canaveral, Fla. through Dec. 31, 2014.

In June, the space systems company won an estimated billion contract from the Missile Defense Agency for missile interceptors to help fulfill a foreign military sales agreement.

MDA will combine those 42 Terminal High Altitude Area Defense interceptors with another order from the United Arab Emirates for 96 interceptors

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