The project for a single orbit satellite with Lockheed Martin had been cancelled, the Department of Defence said in a statement on Monday
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Lockheed Martin will establish additional production and assembly capacity in India if awarded the MTA contract, as per the statement
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This latest agreement is part of a larger contract awarded last year, which could reach up to USD 7.2 billion for an "indefinite quantity" of missiles between 2023 and 2026
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Efforts to replenish US inventory are also driving the global demand for missiles and a shortage of rocket motors could pressure production
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