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Lockheed Again Wins GOES-R Satellite Work Awarded By NASA And NOAA

Contract Is Worth $1.09 Billion; Eventual Billions More At Stake Lockheed Martin Corp. [LMT] will build two GOES-R weather and Earth-scanning satellites after all, meaning that the work won't go to rival bidder The Boeing Co. [BA]. NOAA and NASA have reviewed the situation and opted again for Lockheed. Eventually, up to four satellites worth billions of dollars could be the ultimate prize. The contract was awarded to Lockheed in December, but Boeing protested to the GAO, and a stop work order…

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