Hello, Guest!
  • Tuesday, April 23, 2024

Mark Stewart: Eight Lockheed GPS III Satellites ‘Now Fully Under Contract’


GPS IIILockheed Martin (NYSE: LMT) will work to complete production of GPS III satellites seven and eight for the U.S. Air Force under nearly $245 million in contract options.

“With eight GPS III satellites now fully under contract, the GPS III program is moving from development into recurring production, ” Mark Stewart, vice president of Lockheed’s navigation systems mission area, said Tuesday.

The company was awarded $120 million in February 2013 to acquire long lead materials for satellites five through eight and $200 million in December 2013 to wrap up production of satellites five and six.

Satellite number one was powered on in February 2013 and is in the integration and test flow phases, the company said.

The bus and network communications equipment payload for GPS III satellite two was turned on in December 2013 ahead of the electrical and hardware-software testing phases.

Video of the Day

Related Articles

Senate Confirms Mara Karlin as DOD Strategy Lead Executive Moves

Senate Confirms Mara Karlin as DOD Strategy Lead

Mara Elizabeth Karlin, principal deputy assistant secretary for international security affairs at the Defense Department, was confirmed by the Senate to serve as DOD’s assistant secretary for strategy, plans and capabilties. Senators approved the nomination by voice vote Monday, following a series of congressional events that took place since the White House announced President Joe

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract News

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract

Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescription drugs to beneficiaries through mail

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy News

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy

Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace domains rely on EMS and the 2020 Electromagnetic