Lockheed Martin Lands Contract for 2 Additional GPS III Satellites

Lockheed Martin received a $395 million Air Force contract for producing the ninth and 10th GPS III satellites, the company said in a news release Wednesday. The first eight satellites are under contract in production at Lockheed Martin's GPS III Processing Facility in Colorado, it said, with the first satellite to be delivered to the Air Force later this year. The latest production contract covers both full production and long-lead items, Lockheed Martin said.