Lockheed Martin Wins $509M Contract for GPS III Satellite Project

Lockheed Martin Corporation (LMT) recently won a contract worth nearly $509.8 million from the U.S. Air Force to develop Global Positioning System (GPS) III Follow-On Space Vehicles 21 and 22. The work related to this deal will be executed in Littleton, CO, and is projected to be finished by November 2031.GPS III Contract: A Strategic Win for LMTThe project includes superior anti-jamming and anti-spoofing M-code technology aimed at improving safe access to military GPS signals for the United States and its ...