Lockheed Wins $90 Million for SBIRS, C-130 Work

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On Friday, the U.S. Department of Defense announced it has awarded Lockheed Martin (NYSE: LMT  ) a pair of new contract "modifications" worth nearly $90 million in total.

The larger of the two awards ups Lockheed's contract for 2013 Contractor Logistics Support, Legacy Sustainment, and Combined Task Force Support by $75.2 million, resulting in a cumulative contract value of $181.1 million. Lockheed will be working on the Space Based Infrared System (SBIRS) Survivable Endurable Evolution, Increment 1, implementing "permanent sustainment modifications" to the system's Mobile Ground System. The aim here is to enable ground systems to process Defense Support Program and SBIRS geosynchronous orbit satellites mission data, and to also issue "limited contingency" commands to the satellites, when needed. Lockheed's work on the contract will continue through January 31, 2017.

The smaller award, to Lockheed's Integrated Systems unit, is worth $14.4 million, and extends Lockheed's logistics support for Iraq's C-130E Hercules transport aircraft for a fourth option year, through June 30, 2014. Total contract value on this one is now up to $61.6 million.

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  • Report this Comment On June 28, 2013, at 10:14 PM, quasimodo007 wrote:

    evil cheney is pulling a lot of Strings for his corrupt military contractors who Outsource the work just like they did for the F35 and have huge cost over runs costing the US Tax payer not Millions but Billions of Dollars over runs .

    these Evil GOP congress and their mafia style Privilege Crooks of Wall street who CEO get huge Millions dollars Bonuses and Now TAX Free Preks while Outsourcing US Jobs and contract to overseas while th Evil GOP Protect their Privilege Crooks of wall Street with Billions Dollars TAX Breaks.

  • Report this Comment On June 28, 2013, at 10:21 PM, quasimodo007 wrote:

    all this Money spent on these cheney corrupt Contractors and the Evil GOP Congress and their Mafia style Privilege Crooks of wall street where it could be spent on people who are Out of work. And No these Crooks of wall street do not hire very many workers they just increase the cost to the TAX Payers bigger bonuses and Pay and billions dollar TAX breaks

    the Money spent on these corrupt cheney contractors could be also spent on New Infrastructures , Schools, Children with disabilities,, Homeless Hospitals, New health care Facilities.

  • Report this Comment On June 28, 2013, at 10:28 PM, quasimodo007 wrote:

    cheney corrupt contractors and the Evil anti Unions GOP congress and their mafia style Privilege Crooks of wall street MOTTO IS GREED and More GREED ,Corruptions. Lower the Standards of Living by outsourcing US JOBS to Overseas or Non Union states. Increasing the Prices of goods food, utilities,Gas Oil so they can get Huge bonuses and pay and Now TAX free Perks and THE GREAT American RIP OFF on POOR Americans and Middle class.

    It's all about GREED for the Evil GOP congress and their mafia style Privilege Crooks of wall Street. Let the POOR EAT CAKE

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9/27/2016 4:02 PM
LMT $245.79 Up +0.26 +0.11%
Lockheed Martin CAPS Rating: ****