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Lockheed gets $262.5 million U.S. satellite down payment

WASHINGTON
Fri Jul 10, 2009 6:06pm EDT

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WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) has been awarded a $262.5 million U.S. Air Force down payment toward purchase of a fourth space-based infrared systems gegeosynchronous earth orbit satellite, the Defense Department said on Friday.

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A total of $137.1 million has been obligated so far, the department said in its daily contract digest. The full cost of the satellite was not included.

(Reporting by Julie Vorman; editing by Andre Grenon)
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