ROK Drop

Avatar of GI KoreaBy on January 6th, 2014 at 3:45 am

Lockheed Wins Contract to Continue Support to Peace Krypton Program with South Korea

For defense projects this contract update is peanuts but Lockheed has made over the years hundreds of millions on the Peace Krypton Project:

Similarly, Lockheed landed a smallish $8 million contract modifying its duties in the mysterious “Peace Krypton Program.” Under this project, Lockheed assists South Korea in running high-level surveillance and reconnaissance flights over “selected areas.” These flights gather intelligence on the activities of hostile powers by taking snapshots with Synthetic Aperture Radar systems. Lockheed won the contract Dec. 31, on the final day of last year. [The Motley Fool]

You can read more about the Peace Krypton project here.

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