US Space Agency Dishes Out $2.55B Satellite Jackpot To L3Harris, Lockheed, Sierra For Missile Defense Contract
US Space Development Agency allocates $2.55 billion contracts to L3Harris, Lockheed, and Sierra Space for 54 satellites. This boosts the Tranche 2 Tracking Layer constellation, enhancing missile warning and defense capabilities by 2027. The firm-fixed-price OTA agreements award L3Harris $919 million, Lockheed $890 million, and Sierra Space $740 million. The ambitious project addresses critical defense needs, but early execution depends on a timely approval of the total Defense budget.