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Business/Financial

TSAT Contract Award Delayed From This December To Fiscal 2010; Boeing Versus Lockheed/Northrop In Long Contest For Potential $10 Billion Prize

DDN

Monday, October 20th, 2008

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The Department of Defense Saturday decided to delay the Transformational Satellite System (TSAT) contract that was to be awarded in December, putting it off until the June- September quarter in 2010, Reuters said. That stingy approach may, ultimately, kill the program, and much worse may end up killing U.S. military personnel, a widely read analyst said today. TSAT is vital to developing the Army Future Combat Systems (FCS), because TSAT would provide the rapid communications links that FCS requires, noted…

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