Lockheed Wins $249M For Space Vehicle Antennas, Electronics

Lockheed Martin Corp. (NYSE: LMT) has won a $249 million contract to manufacture electronics, antennas and flight materials for the U.S. Air Force.

According to a Monday Defense Department release, the company will manufacture the components for Space Vehicles five and six.

Work under the firm-fixed-price contract will occur in Sunnyvale, Calif. and the Pentagon expects the work to finish by Nov. 1, 2012.

The Space and Missiles Systems Center at Los Angeles Air Force Base is the contracting activity.

Lockheed also holds an estimated $238.4 million contract to produce vehicles three and four for the GPS III program.


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