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ULA Gets $832M Contract Modification Under Air Force Expendable Launch Vehicle Program

United Launch Alliance has received a potential one-year, $832.4 million contract modification from the U.S. Air Force to continue to provide program management and mission assurance support for the Evolved Expendable Launch Vehicle program.

The Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will also perform systems engineering, vehicle integration, launch infrastructure sustainment and maintenance and range operations services for EELV under the cost-plus-incentive-fee modification, the Defense Department said Wednesday.

Work will occur in Centennial, Colorado, through Sept. 30, 2018.

The service branch’s Space and Missile Systems Center will obligate $150.9 million in space procurement funds for fiscal years 2016 and 2017 at the time of award.

ULA also provides launch vehicle production services for the Air Force’s new Atlas V rocket configuration under a separate $208 million contract modification awarded in May.

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