Pentagon Awards $900 Million Space-Launch Contract

The Pentagon has awarded a $900 million space-launch contract to be split between Lockheed-Martin (NYSE: LMT  ) , Orbital Sciences (NYSE: ORB  ) , and privately held Space Exploration Technologies, the Department of Defense announced this week.

The indefinite-delivery, indefinite-quantity contract revolves around the three companies providing systems support for the Air Force's Rocket Systems Launch Program (RSLP), which evaluates technology in ballistic missile operations and space launches, working with a number of defense contractors besides the aforementioned three to deliver rockets to space and suborbital altitudes.

Lockheed, Orbital, and SpaceX are expected to complete the contract by late November 2017. Orbital has done prior work  for the Air Force in this area, using its Minotaur rockets to launch satellites since 2000. While Orbital will continue to use the Minotaur for this contract, SpaceX will use its tried-and-true Falcon 9 rocket, while Lockheed will utilize its Athena rocket for the DoD's launches.

Space programs at Orbital and SpaceX have also been in the news recently in contracting for NASA, with each company awarded more than $1 billion from the agency for future space launches. SpaceX's Dragon capsule docked with the International Space Station  earlier this year, and returned to Earth, and the DoD's award gives the privately held company, led by Telsa Motors' (Nasdaq: TSLA  ) Elon Musk, its first foray into the defense industry.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2140375, ~/Articles/ArticleHandler.aspx, 8/22/2014 9:35:54 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement