Lockheed Wins $1.9B for Two More AEHF Satellites

056_lockheedmartinLockheed Martin (NYSE: LMT) has won a $1.9 billion contract to build the fifth and sixth satellites in the U.S. Air Force‘s Advanced Extremely High Frequency program, Reuters reports.

According to the report, funding for the satellites is protected against the automatic across-the-board budget cuts that were scheduled to start at the beginning of 2013.

Two AEHF satellites currently in orbit are designed to facilitate communication between military leaders and the White House during a nuclear war and also transmit targeting data and video data feeds, the report said.

Canada, the Netherlands and the U.K. are partners in the program, according to Reuters.

The company recently signed a $4 billion contract with the Pentagon for the F-35 program’s fifth batch of jets.

Check Also

fuel supply

DLA Selects 10 Awardees for Fuel Supply IDIQs 

Ten companies have each received indefinite-delivery/indefinite-quantity contracts to provide various fuel types to support designated Defense Logistics Agency missions.

BAE Systems

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.