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Air Force Awards Lockheed Martin, Raytheon Space Fence Risk Reduction Study Contracts

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Air Force Awards Lockheed Martin, Raytheon Space Fence Risk Reduction Study Contracts
Space Fence program view. Photo: Lockheed Martin.

The Air Force in December awarded Lockheed Martin [LMT] and Raytheon [RTN] contracts nearly worth a combined $10 million to perform risk reduction studies for the highly-anticipated, multi-billion dollar Space Fence program, according to sources. Lockheed Martin was awarded a $4.9 million contract Dec. 11, according to a notice posted on Federal Business Opportunities (FBO). An industry source told Defense Daily Thursday Raytheon also received a contract, worth around $4.8 million, for its own risk reduction study. The Air Force…

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