Lockheed Wins Rocket Launch Deals

Lockheed Martin Corp. has won $560 million in contracts to launch seven U.S. military satellites into space as a result of sanctions imposed against Boeing Co. in July, the Air Force said.

The Air Force initially awarded the launches to Boeing under its Evolved Expendable Launch Vehicle program in 1998, but on July 24 said it would shift them to Lockheed after concluding that Boeing illegally obtained more than 25,000 Lockheed documents during initial bidding for the first launches under the $2-billion EELV program.