Hello, Guest!
  • Saturday, April 20, 2024
Lockheed Martin GPS 3 satellite. Credit: Lockheed Martin

Lockheed Receives $737M Space Force Order for 3 More GPS III Follow-On Satellites

Lockheed Martin (NYSE: LMT) reportedly will manufacture three more GPS III Follow-On military communications satellites under a $737 million contract option from the U.S. Space Force, SpaceNews reported Thursday.

USSF ordered space vehicles 15, 16 and 17 as part of a potential $7.2 billion GPS IIIF fixed-price-type production contract the U.S. Air Force announced in September 2018.

The company was previously awarded a $511 million contract to build the 13th and 14th spacecraft and could produce as many as 22 satellites under the program.

GPS IIIF, which is based on Lockheed’s LM 2100 satellite bus, will include systems designed to support anti-jamming, search-and-rescue, nuclear detection detonation and geolocation functions.

Video of the Day

Related Articles

BlueVoyant Names Sebastian Sobolev as Product VP Executive Moves

BlueVoyant Names Sebastian Sobolev as Product VP

Sebastian Sobolev, a cybersecurity and data analytics professional, has been appointed vice president of product at New York-based cloud-native cyber defense platforms provider BlueVoyant. He announced his new position in a LinkedIn post published Thursday. Prior to his current position, Sobolev was chief technology officer at BlueVoyant’s government solutions business and was responsible for technology

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted Financial Reports

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted

Iridium Communications (Nasdaq: IRDM) presented its Q1 2024 financial results, in which total revenue reacched $203.9 million, although slightly lower by 0.7 percent from a year ago. Notably, the voice and data satellite communications provider’s net income increased 101.1 percent year-over-year to $19.65 million, while the subscriber base grew 7 percent compared to Q1 2023, Iridium said

L3Harris Books $187M USSF Space Surveillance System Maintenance Contract Contract Awards

L3Harris Books $187M USSF Space Surveillance System Maintenance Contract

L3Harris Technologies (NYSE: LHX) has secured a potential $187 million contract to continue helping the U.S. Space Force maintain and upgrade its space surveillance systems and command centers dedicated to providing space domain awareness for military and civilian users. The award exercises the option year five of the potential 10-year, $1.2 billion Maintenance Of Space