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TeleCommunication Systems, Inc: Piggy Back Play On LMT Space Fence?

|Includes:Lockheed Martin (LMT), NOC, TSYS

Lockheed Martin (NYSE:LMT) won a $915 million award from the US Air Force for a space surveillance "Space Fence" system. This award includes over $400 million available immediately. I will be watching for any news that Telecommunication Systems could participate as a subcontractor in this project. No news found, but LMT and TSYS have a long healthy relationship including the ongoing sales and marketing of a low-cost satellite terminal jointly developed by Northrop and Lockheed.

Disclosure: I am long TSYS.

Stocks: LMT, TSYS, NOC