Lockheed wins $2.9 billion contract for U.S. missile warning satellites

August 15, 2018

Reuters:

WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.

Lockheed’s Next-Generation Overhead Persistent Infrared Satellites will provide improved missile warning capabilities that are more survivable against emerging threats than the current system, the Air Force said.

“As we develop these new systems, speed matters,” Air Force Secretary Heather Wilson told the Air Force’s internal news service. “We are focused on providing a missile warning capability survivable in a contested environment by the mid-2020s.”

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