Ford Unit Exercises Satellite Pact Option
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SANTA CLARA, Calif. — Stanford Telecommunications Inc. said that during its third quarter ended Dec. 31, Ford Aerospace Corp. exercised a $3.8-million option under a production subcontract for satellite telemetry, tracking and command subsystems.
The option brings the total value of the contract to more than $25 million, the company said.
The contract has additional options that could raise the total value to about $35 million.
With the exercise of the option, production will run through March, 1991, with an additional option period of performance extending into 1992, the company said.
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