The US Air Force has selected Lockheed Martin (NYSE:LMT) to support its RBS Flight and Ground Experiments program.

Lockheed Martin (NYSE:LMT) has won a contract to support the US Air Force’s Reusable Booster System (RBS) Flight and Ground Experiments program.

The company will receive a five-year indefinite-delivery/indefinite quantity contract worth $250 million to support RBS.

John Karas, vice president of Lockheed Martin (NYSE:LMT) Space Systems said, “We are very pleased to be selected by the Air Force to support them on the Reusable Booster System program. The innovative technologies and capabilities that RBS will provide are vital to meeting the needs of the Air Force and the nation for more affordable, responsive spacelift in the future”.

Lockheed Martin (NYSE:LMT) company shares are currently standing at 77.57.

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