Lockheed Martin Awarded NASA Contract For Space Exploration Studies PR Newswire

Lockheed Martin (NYSE: LMT) was awarded a contract for space exploration concept studies by the National Aeronautics and Space Administration (NASA) on Sept. 1. The initial value of the contract is $3 million for the first six months with an option for another six-month, $3 million study in the next phase. Lockheed Martin is one of 11 companies NASA selected to provide concepts for the development of a Crew Exploration Vehicle (CEV) as well as overall architecture concepts for human exploration of the moon. The CEV will carry future astronauts to space and provide transportation for astronauts to explore the moon and Mars. Among the key factors that Lockheed Martin will keep foremost in all of its concepts and recommendations are safety, reliability, sustainability, affordability and evolvability.