Home / Contract Awards / Lockheed Wins $120M For AF GPS Long-Lead Parts; Keoki Jackson Comments

Lockheed Wins $120M For AF GPS Long-Lead Parts; Keoki Jackson Comments

LockheedLogoLockheed Martin (NYSE: LMT) has won two contracts worth $120 million combined to acquire long-lead parts for four U.S. Air Force GPS satellites.

These contracts cover satellites five through eight for the 32-satellite GPS III program and the company is contracted to produce the first four satellites, the company said Monday.

Lockheed’s subcontractors for the project include ITT Exelis (NYSE: XLS), General Dynamics (NYSE: GD), ATK (NYSE: ATK), Infinity Systems Engineering and others.

“As our world becomes increasingly dependent on GPS technology, the new GPS III satellites will be a critical element of both our national and economic security, ” said Keoki Jackson, vice president of Lockheed’s navigation systems mission area.

The GPS III satellites are intended for military, commercial and civilian users and contain a civil signal for interoperability . GPS III satellites will deliver better accuracy and improved anti-jamming power while enhancing the spacecraft’s design life and adding a new civil signal designed to be interoperable with international global navigation satellite systems.

 

Check Also

Kay Kapoor, John Johnson Named to Tyto Athene Executive Advisory Board

Kay Kapoor, founder and CEO of Arya Technologies, and John Johnson, a partner at government …

DLA Chooses Six Firms for $985M Fire, Emergency Equipment Supply IDIQ

Six companies have won spots on a potential five-year, $985M contract from the Defense Logistics …