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Lockheed Wins $365M Storage, Test Support AF Award

Lockheed Martin‘s (NYSE: LMT) space systems company has won a $365 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 $2 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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