Lockheed Martin Just Lost a Multibillion-Dollar Deal -- but All Hope Is Not Lost

Do not say you were not warned.In June, I highlighted a change in the Pentagon's plans for its Space Based Infrared System (SBIRS) -- a set of massive five-ton early warning missile detection satellites circling the Earth in polar and geostationary orbits -- as posing a risk to the space businesses of both Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC).Both companies had earlier won multibillion-dollar contracts to build and launch these satellites, but the Pentagon decided to cut its order from Lockheed Martin from three satellites to just two. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool