Lockheed gets $262.5 million U.S. satellite down payment

Fri Jul 10, 2009 11:00pm BST
 
Email | Print | | Single Page
[-] Text [+]

(Adds details on costs)

WASHINGTON, July 10 (Reuters) - Lockheed Martin Corp (LMT.N) has been awarded a $262.5 million U.S. Air Force down payment toward purchase of a fourth space-based infrared systems gegeosynchronous earth orbit satellite, the Defense Department said on Friday.

A total of $137.1 million has been obligated so far, the department said in its daily contract digest. The full cost of the satellite was not included. (Reporting by Julie Vorman; editing by Andre Grenon)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos