Lockheed Martin (NYSE: LMT) has awarded a potential three-year, $50 million subcontract to an ASRC Federal subsidiary for civil space support services.
ASRC Federal Space and Defense will provide engineering and technical support services to Lockheed Martin for work supporting agencies such as NASA and the U.S. Air Force, ASRC Federal announced Tuesday.
The indefinite-delivery/indefinite-quantity contract covers one base year and two one-year option periods.
“This is a great opportunity for the ASRC Federal family of companies to partner with Lockheed Martin in an effort to offer innovative solutions to government customers in the civil space arena, ” said Paul Dillahay, ASRC Federal president and CEO.
ASRC Federal Space and Defense’s team will include about 15 companies and perform work in locations such as Florida, California, Denver and Houston.