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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Shocker: Northrop Grumman Beats SpaceX in Space

Rich Smith, The Motley Fool
·4 min read
Shocker: Northrop Grumman Beats SpaceX in Space

Two years ago, SpaceX announced an evolution in its business. Elon Musk's pioneering space company -- famous primarily for its low-cost launch rockets -- landed a $149.2 million contract to build satellites for the Pentagon's Space Development Agency. Building on its experience developing its own Starlink communications satellites, SpaceX was picked to work alongside established defense contractor and radio communications specialist L3Harris (NYSE: LHX) to build four Tranche 0 Tracking Layer satellites to track missile launches for the Department of Defense.

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