Lockheed Martin Gets $1.38 Bln Air Force Contract For Space Launch Program
Friday, the Department of Defense announced awarding a $1.38 billion contract to Lockheed Martin Space Systems Co., a unit of Lockheed Martin Corp. (LMT: News, Chart, Quote ), to extend the Evolved Expendable Launch Capability or ELC contract.
The ELC contract was modified to gain continued support for the last two months of fiscal 2008, to extend the performance period through September 30, 2009, and to incorporate a one-year priced option for fiscal 2010.
The Defense Department stated that the contract would "ensure continuous services" for providing standard and mission unique integration and development, systems engineering, program management, transportation, and a range of operations for launching the nation's space assets.
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The ELC contract was modified to gain continued support for the last two months of fiscal 2008, to extend the performance period through September 30, 2009, and to incorporate a one-year priced option for fiscal 2010.
The Defense Department stated that the contract would "ensure continuous services" for providing standard and mission unique integration and development, systems engineering, program management, transportation, and a range of operations for launching the nation's space assets.
[...]
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