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Lockheed Wins Prime Spot on $900M AF Rocket Tech IDIQ

Lockheed Martin (NYSE: LMT) has won a prime position on a $900 million U.S. Air Force contract to provide launch services for space missions.

The Defense Department says the indefinite-delivery/indefinite-quantity, firm-fixed-price contract covers support for the Pentagon and other federal agencies.

Under the Rocket Systems Launch Program, contractors support technology development efforts for guidance and navigation systems, reentry physics and avionics.

According to the Air Force, the program supports an agency’s space launch requirements within 12 to 18 months of the project being put on contract.

To date, the program has launched eight space missions using Minuteman and Peacekeeper motors onboard Minotaur and Taurus launch vehicles.

Work will occur in Magna, Utah, Chandler, Ariz. and Hawthorne, Calif through Nov. 29, 2017 and Kirtland Air Forve Base, N.M. is the contracting activity.

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