Lockheed Gets $4.9B Modification on Space Force GEO Satellite Development Contract

Lockheed Martin (NYSE: LMT) has been awarded a potential $4.93B contract modification by the U.S. Space Force to build, assemble, test and integrate three Next Generation Geosynchronous Earth-orbiting space vehicles.

The company will also provide ground mission sensor processing and unique software platforms to the service branch and support NGG SV rocket integration as well as launch and early on-orbit checkout efforts, the Department of Defense said Monday.

USSF’s Space and Missile Systems Center will obligate $99M on the award. Lockheed’s space business will perform work under the modification in Sunnyvale, California, through May 31, 2028.

The award to Lockheed’s space business modifies a potential $2.93B undefinitzed contract the center issued in August 2018 for the design and development of three missile warning satellites that would replace the current Space Based Infrared System.

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