WASHINGTON — A multibillion-dollar contract award to Lockheed Martin for a new generation of optical spy satellites tops the list of U.S. military space and missile defense procurements on tap for 2012.

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Warren Ferster is the Editor-in-Chief of SpaceNews and is responsible for all the news and editorial coverage in the weekly newspaper, the spacenews.com Web site and variety of specialty publications such as show dailies. He manages a staff of seven reporters...