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SpaceX Wins Defense Pact Launching Satellite for Air Force

Space Exploration Technologies Corp. won an $82.7 million contract to launch a satellite for the U.S. Air Force, giving Elon Musk’s closely held company military revenue to go with what it earns serving NASA and private companies.

This contract will include launch vehicle production, mission integration, and launch operations for a global positioning system satellite. The Hawthorne, California-based company is expected to conclude the work by July 31, 2018, the Department of Defense said Wednesday in a statement. The U.S. received one other bid, but it didn’t say who submitted it.

United Launch...