LOCKHEED WINS $395 MILLION AF ORDER - The U.S Air Force will pay Lockheed Martin Space Systems Co. to build two more updated global positioning satellites, adding $395 million to the Jefferson County-based company’s contracts covering the first satellites in the series.
Lockheed Martin Space Systems (LMSS) now will build the first 10 GPS III satellites for the military.
The Air Force’s Space and Missiles Systems Center, in El Segundo, California, announced the contract modification Wednesday.
LMSS has held the prime contract to design and build the new GPS satellites since 2008. The first one in the series is expected to launch next year.
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