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Lockheed, Boeing rocket venture wins $124 mln deal

Mon Mar 31, 2008 5:44pm EDT

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WASHINGTON, March 31 (Reuters) - A joint venture formed by Lockheed Martin Corp (LMT.N) and Boeing Co (BA.N) won a $124 million contract to launch a first new tactical communications satellite, the Pentagon said on Monday.

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Under the contract, United Launch Alliance will use an Atlas V rocket to launch the new satellite under the Air Force's Evolved Expendable Launch Vehicle program.

The satellite is the first Mobile Users Objective System (MUOS)-1 Satellite. (Reporting by Andrea Shalal-Esa, Editing by Toni Reinhold)

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