The Space Development Agency awarded Lockheed Martin a firm-fixed price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer Beta satellites. T2TL is part of an overarching plan to strengthen deterrence with more resilient space architectures for beyond line-of-sight targeting, data transport, and advanced missile detection and tracking.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LMT:
- Lockheed Martin awarded $622.36M Navy contract
- IperionX to produce titanium plate for testing by Lockheed Martin
- South 8 Technologies reports strategic investment from Lockheed Martin Ventures
- RTX-Lockheed Martin joint venture awarded $116.99M Army contract modification
- Lockheed Martin awarded $501.71M Army contract modification