NASA Awards Lockheed Martin $2.27 Billion Contract for Advanced Weather Observation Platform

  • Lockheed Martin awarded a $2.27 billion contract by NASA for NOAA’s next-generation GeoXO weather satellite constellation
  • GeoXO will build upon the success of its predecessor, GOES series
  • The contract includes developing three initial spacecraft with an option for four more
  • Work on satellites to be done at Lockheed Martin’s facility in Colorado and NASA’s Kennedy Space Center in Florida
  • GeoXO will monitor weather, climate, air quality, ocean patterns, and ecosystems
  • New instruments will enable geostationary observations of coastal ecosystems and continental U.S.-wide pollutant monitoring
  • Lockheed Martin has a 50-year history of developing weather and environmental spacecraft for civil and military agencies

Lockheed Martin has been awarded a $2.27 billion contract by NASA to develop and manufacture the next generation of NOAA’s weather satellites, known as GeoXO. Building upon the success of its predecessor, GOES series, the new constellation will include three initial spacecraft with an option for four more. The project will be carried out at Lockheed Martin’s facility in Colorado and NASA’s Kennedy Space Center in Florida. The GeoXO satellites will monitor weather, climate, air quality, ocean patterns, and ecosystems, providing state-of-the-art imagery and information. New instruments will enable geostationary observations of coastal ecosystems and continental U.S.-wide pollutant monitoring. With a history of developing over 120 weather and environmental spacecraft for civil and military agencies in the last 50 years, Lockheed Martin is set to launch the initial GeoXO in the early 2030s.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Lockheed Martin receiving a contract from NASA for the development of NOAA’s next generation weather satellites. It includes details on the contract amount, the number of spacecraft to be developed, and the work locations. The article also mentions the satellite’s purpose and capabilities, as well as Lockheed Martin’s experience in developing similar satellites. There is no sensationalism or opinion masquerading as fact, and the information is relevant and objective.
Noise Level: 7
Noise Justification: The article provides relevant information about Lockheed Martin being awarded a contract for NOAA’s next generation weather satellites. However, it contains some repetitive statements and lacks in-depth analysis or exploration of the implications of this development.
Public Companies: Lockheed Martin (LMT)
Key People: Kyle Griffin (Vice President and General Manager of Commercial Civil Space at Lockheed Martin), Jagdeep Shergill (GOES-R Series Program Manager at Lockheed Martin)

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Financial Relevance: Yes
Financial Markets Impacted: Lockheed Martin
Financial Rating Justification: The article discusses Lockheed Martin receiving a $2.27 billion contract from NASA to develop and manufacture weather satellites for NOAA, which has financial implications for the company’s revenue and future projects.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of any extreme event in the article. The focus is on the development and manufacturing of weather satellites by Lockheed Martin for NOAA.

Reported publicly: www.space.com