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Space

Lockheed Received $78.2M to Ensure On-Time Satellites

UH-60L Blackhawk helicopte
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Lockheed Martin Corp. of Sunnyvale, CA received a $78.2 million cost-plus award-fee, cost-plus fixed-fee, firm fixed-price contract modification for advance procurement of long-lead parts for AEHF military communications satellite Vehicle #3 (SV3). This ensures that parts requiring significant lead-time to manufacture will be in place to assemble SV3 on schedule. Work will be complete by September 2008, with Lockheed Martin Space Systems Co. in Sunnyvale, CA (30%), and Northrop Grumman Space Technology in Los Angeles, CA (70%) sharing the work. The Headquarters Space and Missile Systems Center in Los Angeles, CA issued the contract (F04701-02-C-0002, P00102).

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