Lockheed Wins $915 Million Award for Space-Junk Tracking

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The U.S. Air Force today awarded Lockheed Martin Corp. a $915 million contract to build a radar system to track space junk.

Lockheed, based in Bethesda, Maryland, beat Waltham, Massachusetts-based Raytheon Co. following years of competing for the work. Both companies rank among the top five federal contractors.