Lockheed wins $1.9 billion deal for U.S. missile-warning satellites

The U.S. Air Force said on Tuesday it had awarded Lockheed Martin Corp a fixed-price contract valued at $1.9 billion to complete work on two missile-warning satellites as part of the Space-Based Infrared System (SBIRS). The contract, announced in the Pentagon's daily digest of major contract awards, runs through Sept. 30, 2022. It funds completion of the fifth and sixth satellites in the SBIRS system, and includes performance incentives and options for acoustic testing, launch operations an early on-orbit testing, the Pentagon said. U.S. Air Force Space Command's Space and Missile Systems Center said the contract award saved over $1 billion as a result of a block-buy contracting approach and production and management efficiencies.

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