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NASA Awards Lockheed Martin $2.27 Billion for Weather Satellites

Frank Wolfe

Tuesday, June 18th, 2024

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NASA Awards Lockheed Martin $2.27 Billion for Weather Satellites

The first GeoXO satellite is to launch in the next decade, Lockheed Martin said (Lockheed Martin Graphic)

NASA said on June 18 that it awarded Lockheed Martin's [LMT] Littleton, Colo., operation a $2.27 billion contract for the next generation weather satellite constellation--Geostationary Extended Observations (GeoXO)-- for the National Oceanic and Atmospheric Administration (NOAA). This cost-plus-award-fee deal "includes the development of three spacecraft as well as four options for additional spacecraft," NASA said. "The anticipated period of performance for this contract includes support for 10 years of on-orbit operations and five years of on-orbit storage, for a total…

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