The U.S. Air Force selected Lockheed Martin as one of 14 companies for the Andromeda contract. This indefinite-delivery/indefinite-quantity agreement carries a total value of $1.8 billion. The project focuses on developing advanced space domain awareness capabilities to replace the Geosynchronous Space Situational Awareness Program.
The award comes as a separate proposal calls for a $1.5 trillion defense budget. Conversely, a recent U.S.-Iran ceasefire agreement has prompted discussions regarding potential cuts to Pentagon war funding. Lockheed Martin shares saw a marginal increase following the budget proposal news.