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Companies Submit Space Fence Bids

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By Marina Malenic Lockheed Martin [LMT] and Raytheon [RTN] have submitted proposals for the next phase of Space Fence, a next-generation tracking radar that will monitor objects in space, executives at both companies said last week. John Morse, director of Lockheed Martin's Space Fence program, said he delivered his company's bid yesterday, and Raytheon program manager Scott Spence said his company's proposal would be turned over to the Air Force this morning. The United States operates a worldwide network of…

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