Lockheed Martin receives $340M contract extension

|About: Lockheed Martin (LMT)|By:, SA News Editor

Lockheed Martin's (LMT -0.1%) contract with NASA's Johnson Space Center has been extended through at least September 30, 2016.

Under terms of the agreement Lockheed will continue to provide facilities development and operations support for human spaceflight missions.

The $340M contract extension includes a two-year base period with a one-year option. The contract value now exceeds $1B.