The U.S. Air Force has awarded a Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture an estimated $1.5 billion contract to provide launch services, the Pentagon announced Tuesday.
United Launch Alliance‘s services subsidiary, United Launch Services, will support:
- three National Reconnassance Office programs
- two defense meteorological satellites programs
- an Air Force Space Command mission
- two GPS systems
Work is expected to be completed by Jun. 30, 2014.