NASA Selects Lockheed Martin To Develop A Lightning Mapping Instrument As Part Of NOAA's GeoXO Satellite Program; The Cost-plus-award-fee Contract Is Valued At ~$297.1M
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NASA has awarded Lockheed Martin a contract valued at approximately $297.1 million to develop a lightning mapping instrument for NOAA's GeoXO satellite program. This contract is a cost-plus-award-fee agreement.
September 17, 2024 | 8:39 pm
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Lockheed Martin has been awarded a $297.1 million contract by NASA to develop a lightning mapping instrument for NOAA's GeoXO satellite program. This contract could enhance Lockheed Martin's revenue and strengthen its partnership with NASA.
The contract is significant in size ($297.1M) and involves a partnership with NASA, which is likely to positively impact Lockheed Martin's revenues and strengthen its position in the aerospace sector. The cost-plus-award-fee nature of the contract suggests potential for additional earnings based on performance.
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