Lockheed Martin Just Lost a Multibillion-Dollar Deal -- but All Hope Is Not Lost

Lockheed Martin has a chance to win back some of the space revenue it's losing. Do not say you were not warned. In June, I highlighted a change in the Pentagon's plans for its Space Based Infrared System (SBIRS) -- a set of massive five-ton early warning missile detection satellites circling the Earth in polar and geostationary orbits -- as posing a risk to the space businesses of both Lockheed Martin (LMT -0.72%) and Northrop Grumman (NOC -1.07%). Both companies had earlier won multibillion-dollar contract ...