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Lockheed Postpones Initial Delivery of Air Force GPS III Satellites to December

GPS satelliteTYSONS CORNER, VA, Sept. 16, 2016 — Lockheed Martin (NYSE: LMT) has found an issue with a component of the U.S. Air Force‘s GPS III satellites and has postponed the first satellite delivery by four months in an effort to address the matter, ExecutiveBiz reported Thursday.

Space News reported Wednesday that the company has contacted the program’s navigation payload provider — Harris Corp.‘s (NYSE: HRS) Exelis Geospatial Systems subsidiary — to perform a qualification test on the satellite’s capacitor.

The original schedule for initial delivery was in August.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

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