4 June 2014
US Air Force has awarded Lockheed Martin (NYSE: LMT) a USD914m contract to improve the way objects are tracked in space and increase our ability to prevent space-based collisions.
Lockheed Martin´s Space Fence solution, an advanced ground-based radar system, will enhance the way the US detects, catalogs and measures more than 200,000 orbiting objects. With better timeliness and improved surveillance coverage, the system will protect space assets against potential crashes that can intensify the debris problem in space.
With more than 400 operational S-band arrays deployed worldwide, Lockheed Martin is a leader in S-band radar development, production, operation and sustainment. The Lockheed Martin led team, which includes General Dynamics and AMEC, has decades of collective experience in space-related programs, including sensors, mission processing, cataloging, orbital mechanics, net-centric communications and facilities.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.