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Lockheed Wins $284M For Infrared Satellites

LockheedLogoLockheed Martin (NYSE: LMT) has won a $284, 439, 355 U.S. Air Force contract to move into the advanced procurement phase of a space-based infrared satellite program.

This fixed-price incentive firm target contract covers geosynchronous orbit satellites five and six, the Defense Department said Wednesday.

Lockheed will perform work in Sunnyvale, Calif. through June 19, 2016 and the Air Force is funding the contract through its fiscal year 2011 and 2012 appropriations.

According to the company, the SBIRS program is intended for missions in missile warning, missile defense, technical intelligence and battlespace awareness.

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

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