Lockheed Martin OK'd for GPS Satellite Components

By: Associated Press

Posted: Mon 10:05 AM, Feb 25, 2013

Lockheed Martin has received the go-ahead from the Air Force to begin acquiring components for four new GPS III satellites.

The company said Monday it received two fixed-price contracts totaling $120 million to start the process.

Lockheed Martin is already under contract to build the first four GPS III satellites. Production is under way at its Space Systems unit near Denver.

The new contract is for parts for the fifth through eighth satellites.

GPS III satellites are designed to improve the accuracy of military and civilian receivers to within three feet, compared with 10 feet now. Additional signals for civilian receivers will offer more precision and make more navigation satellites available.

The Air Force plans to purchase up to 32 GPS III satellites.

Lockheed Martin is based in Bethesda, Md.

TX-TF1 Talks About Recovery Efforts in Tornado-Ravaged Moore, OK

We ask that the following Community Standards be followed:

Comments must not be profane or vulgar.

Comments must not use hate speech, racial slurs, or violent descriptions.

We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.

Comments must not contain negative, comparative debates between community standards of cities or towns.

Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.

Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html

Lockheed Martin OK'd for GPS Satellite Components

AP Video