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Lockheed Martin Given Stop-Work Order On GOES-R Program

NASA as expected issued a stop-work order to Lockheed Martin [LMT] on the $1.09 billion GOES-R contract that the space agency gave Lockheed Martin earlier this month, because Boeing [BA] filed a protest against the award, a Lockheed Martin spokesman said. Boeing protested to the Government Accountability Office (GAO), asserting that the Boeing proposal for GOES-R was superior. It is routine, when a protest is filed against a contract award, for a stop-work order to be issued. The GAO now…

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