Lockheed Martin Space Sector Hits Rough Patch

By Amy Butler .
Washington .

Lockheed Martin Space Systems’ troubles have deepened with its agreement to forfeit $15 million for botching delivery to orbit of a new U.S. Air Force satellite.

The mishap with the Advanced Extremely High Frequency (AEHF) jam-proof communications satellite was the latest in a string of high-profile performance issues for Lockheed Martin, the Pentagon’s top contractor. The fee ...

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