Lockheed Martin Receives $42 Million Extension on Cargo Mission Contract
HOUSTON, July 24 /EMWNews/ -- The National Aeronautical and Space Administration (NASA) recently announced it awarded Lockheed Martin (NYSE: LMT) a one-year contract extension of the Cargo Mission Contract (CMC) valued at $42 million. The extension provides integration services for cargo delivery to and from the International Space Station (ISS). The extension begins Oct. 1, 2008, and is the first of two options in the original contract. "Lockheed Martin CMC has achieved a history of excellent performance and safety on the Cargo Mission Contract," said Lockheed Martin Vice President Rick Hieb. "We are pleased to continue offering the ISS Program the same kind of responsive operations and engineering support that we have since the beginning of the contract." The Lockheed Martin CMC team has a proven history of rapid responses to the dynamic ISS environment, supporting frequent changes in manifests and exploring a variety of options to increase up mass on the remaining shuttle missions. The CMC team also supports the ISS strategy of prepositioning external Orbital Replacement Units on orbit to ensure operations post shuttle retirement including design, build and integration of flight support equipment. Other contract requirements include processing and exporting cargo for resupply of ISS via international vehicles such as the Russian Progress and Soyuz, European Space Agency's Automated Transfer Vehicle, and the planned Japan Aerospace Exploration Agency's first launch of the H-II Transfer Vehicle. In addition to CMC, Lockheed Martin's Houston team has a long history of providing support to Johnson Space Center. Services include systems engineering and analysis, control center design, development and operations, life sciences services, high performance computing center operations and maintenance, Human in-the-loop simulations, and research and specialized facilities. Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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