Lockheed Martin Corp. LMT recently announced that it clinched a contract worth $2.27 billion to design and construct a spacecraft for the Geostationary Extended Observations (GeoXO) satellite program.

GOES stands for Geostationary Operational Environmental Satellites. These satellites require a station on Earth to keep their ...

The company is tasked with making at least three GeoXO satellites, which will be used by the National Weather Service and are projected to be launched into orbit in the early 2030s. The contract ...