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Space

Lockheed Martin Secures NASA Contract Worth Billions to Build Additional Orion Spacecraft

By Vivienne Machi

Monday, September 23rd, 2019

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Lockheed Martin Secures NASA Contract Worth Billions to Build Additional Orion Spacecraft

Orion is NASA’s deep space exploration spaceship that will carry astronauts from Earth to the Moon and bring them safely home. (Image: Lockheed Martin)

NASA has awarded Lockheed Martin [LMT] a contract to build up to 12 new Orion deep exploration vehicles for the agency’s Artemis crewed lunar exploration program, the company said Sept. 23. The Orion Production and Operations Contract (OPOC) is an indefinite-delivery/indefinite-quantity (IDIQ) contract that includes an initial three Orion spacecraft worth $2.7 billion for Artemis missions 3-5. NASA then plans to order three more Orion spaceships for Artemis missions 6-8 worth $1.9 billion in fiscal year 2022, according to a…

Congress

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Congress

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Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

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Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]