Lockheed picks Florida in NASA rocket bid

Source URL: http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-02-22T234423Z_01_N22409271_RTRIDST_0_SPACE-LOCKHEED.XML
Posted at: http://www.air-attack/com/news/news_article/1161

CAPE CANAVERAL, Fla., Feb 22 (Reuters) - Aerospace giant Lockheed Martin (LMT.N: Quote, Profile, Research), in a heated competition to design and build NASA's next manned ships and cargo carriers, wants to assemble and test the rockets in Florida, the company said on Wednesday.

The deal depends on Florida legislators approving a $45.5 million incentives package and on Lockheed Martin winning NASA's approval for its proposed Crew Exploration Vehicle.

A partnership of Northrop Grumman (NOC.N: Quote, Profile, Research) and Boeing Co. (BA.N: Quote, Profile, Research) is competing for the work as well. Proposals are due in March and NASA is expected to select a team this summer.

---

Print this page

Visit Air-Attack.com for more military aviation and defense industry news