Lockheed Wins Targets Contract

The U.S. Missile Defense Agency yesterday awarded defense contractor Lockheed Martin Space Systems a contract to produce targets and countermeasures for missile defense testing (see GSN, Dec. 9).

The contract could last up to 10 years and be worth as much as $4.6 billion (U.S. Defense Department release, Dec. 9).

The award provides some good news to Lockheed Martin, which last week lost a contract to develop a Kinetic Missile Interceptor. The Pentagon awarded that contract to Northrop Grumman (see GSN, Dec. 4).

“They all get their turn,” said financial analyst Paul Nisbet, of JSA Research in Rhode Island (Tony Capaccio, Bloomberg News/Denver Post, Dec. 10).

 

December 10, 2003
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The U.S. Missile Defense Agency yesterday awarded defense contractor Lockheed Martin Space Systems a contract to produce targets and countermeasures for missile defense testing (see GSN, Dec. 9).

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