Space Development Agency awards $1.5B satellite contracts to Lockheed, Northrop (NYSE:LMT)

The Area Growth Company mentioned Monday it awarded contracts totaling $1.5B to Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC) to construct and function 72 Tranche 2 Transport Layer Beta satellites.

Lockheed Martin (LMT) mentioned its contract for 36 satellites is value ~$816M, and Northrop Grumman (NOC) mentioned its contract, additionally for 36 satellites, is value ~$733M.

The SDA mentioned the T2TL Beta area automobiles will present international communications entry and protracted international encrypted connectivity to help missions together with past line of sight concentrating on and missile warning and missile monitoring of advance missile threats.

The 72 satellites are deliberate to be deployed in orbital planes of 12 satellites every, with the primary aircraft projected to launch in September 2026.