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Lockheed Wins $1.86B Satellite Contract

Jun. 25, 2014 - 07:10PM   |  
By MICHAEL PECK   |   Comments
The SBIRS GEO-1 satellite. Lockheed Martin has just received a contract to complete the fifth and sixth satellites in the series.
The SBIRS GEO-1 satellite. Lockheed Martin has just received a contract to complete the fifth and sixth satellites in the series. (Lockheed Martin)
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Lockheed Martin has received a $1.86 billion contract to finish production of two more Space Based Infrared System early warning satellites.

The fixed-price contract is for the fifth and sixth Geosynchronous Earth Orbit (GEO) satellites. Initial funding for GEO-5 and GEO-6 was awarded in 2012, and an advance procurement contract in 2013 for long lead-time parts.

The GEO-1 and GEO-2 satellites both received Air Force Space Command operational acceptance. GEO-3 is currently undergoing acoustic and thermal vacuum testing at Lockheed Martin’s Sunnyvale, California, facility, and is scheduled for delivery at the end of 2014, according to a company news release. The propulsion module for GEO-4 was completed last month.

“This contract is the third part of a thoughtful acquisition strategy aimed at further reducing cost and cycle time for GEO-5 and GEO-6, while still providing exceptional data to the warfighter,” said Jeffrey Smith, vice president of Lockheed Martin’s Overhead Persistent Infrared division.

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