Folsom-based Valley Tech Systems Inc. has won a subcontract worth up to $94 million to build a solid propulsion system for Lockheed Martin Corp.’s Next Generation Interceptor for the U.S. Missile Defense Agency.
The work will be performed at Valley Tech Systems’ offices in Folsom and Reno, Nevada.
“This is a big deal for Valley Tech,” said Russell Carlson, vice president, aerospace division, with Valley Tech Systems.
The company has added about 10 employees, mostly engineers, to work this contract, he said.
Bethesda, Maryland-based Lockheed Martin’s (NYSE: LMT) Next Generation Interceptor is a rocket system designed to protect and defend the U.S. from intercontinental ballistic missiles.
Valley Tech System’s subcontract is for a roll control system to stabilize the Next Generation Interceptor's flight trajectory, Valley Tech said in a news release.
In March, the Missile Defense Agency awarded Lockheed and partner Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) a $3.7 billion contract to build the Next Generation Interceptor program. Aerojet’s $4.4 billion sale to Lockheed, announced last December, is awaiting regulatory approval.
Valley Tech developed the roll control technology under a series of Small Business Innovation Research contracts from the Missile Defense Agency and the Air Force, with support from Lockheed as its commercialization partner, Carlson said.
Along with its locations in Folsom and Reno, Valley Tech also has an office in Dayton, Ohio. The company has 60 employees in Folsom and 10 each in Reno and Dayton.
Valley Tech is tasked to deliver a flight-qualified, production-ready subsystem to Lockheed by 2027.
Valley Tech was founded in 2007. It was acquired in October by Denver-based Voyager Space Holdings.
