Northrop wins Space Development Agency’s contract to build 14 satellite

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI6H0U4_L.jpg

The satellites are part of the agency’s plan to build the Tranche 1 Tracking Layer for detecting, identifying and track hypersonic weapons and other advanced missiles from their earliest stages of launch through interception.

The agency said the Northrop award had a potential value of about $617 million.

The space agency also awarded a similar contract to L3Harris Technologies (NYSE:LHX) Inc, with a potential value of about $700 million.

The launch of the satellites is expected to start in April 2025.