The Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will provide an Atlas V 551 rocket configuration, solid rocket booster and transportation services to meet the requirements of the Evolved Expendable Launch Vehicle contracts initial phase, the Defense Department said Friday.
The award also includes a prepriced contract line item for the new launch vehicle configuration.
ULA will perform work in Colorado, Alabama and Florida through Sept. 30, 2019.
The Air Force Space and Missile Systems Center will obligate the full contract amount of the modification from space procurement funds for fiscal 2017 at the time of award.
The Atlas V family of EELV rockets has performed at least 600 launches since its introduction in 2002.