Lockheed Proceeds to Next Step for GPS III
Lockheed Martin has received a $50 million contract to continue development of the next step in the U.S. Air Force Global Positioning System satellite program.More here.
The contract announced Thursday by officials with Lockheed's Navigation Systems unit in Denver will fund the System Design Review phase of the GPS Block III satellite that will be used by both military and civilian customers.
The review will be carried out next March, leading up to the awarding of a multi-billion dollar development contract later in the year.
posted by Fergie @ 12/22/2006 01:55:00 PM
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