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Business/Financial

Lockheed Submits Proposal For SBIRS Follow-On Production Phase

DDN

Monday, April 13th, 2009

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Lockheed Martin Corp. [LMT] submitted a proposal for the follow-on production phase of the Air Force Space Based Infrared System (SBIRS) program, the company announced today. As well, Lockheed completed a preliminary design review milestone. SBIRS is to provide early warning of missile launches, and simultaneously support other missions including missile defense, technical intelligence and battlespace awareness. The SBIRS follow-on program, which will complete the SBIRS constellation, will add the third and fourth highly elliptical orbit (HEO) payloads as well…

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