No, folks, this time Lockheed Martin
Is there money in weather satellites?
Indeed there is. The contract in question hires Lockheed to act as general contractor in building two to four of the nation's next-generation GOES-R (short for Geostationary Operational Environmental Satellite) -- at a cost of about $270 million a pop. Of course, Lockheed doesn't get to keep all the loot. Its team of partners already numbers in excess of a dozen public and private enterprises, including such big names as IBM
More important than the revenue, though, is the pride of place that Lockheed wins along with the contract. At least two big rivals bid against Lockheed: Northrop Grumman
Just as important -- every win Lockheed notches in the civilian space sector insulates it further from investor fears that an Obama administration might cut spending on defense. Democrats may or may not turn out to be dovish on fighter jets and flying lasers. One thing I'm sure they won't cut spending on, though: satellites designed to monitor global warming and predict catastrophic hurricanes.
In government contracting as in space, momentum is everything. Every big contract win helps the winner amass expertise essential to winning the next big contract. Right now, Lockheed's got big mo' as a key player in the space race. And it's moving in the right direction.
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