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Air Force Issues Contract For GPS III Space Vehicles 7, 8

Pat Host
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Air Force Issues Contract For GPS III Space Vehicles 7, 8
Artist's rendering of a GPS III satellite. Image: Lockheed Martin.

The Air Force said Monday it awarded Lockheed Martin [LMT] nearly $246 million to procure Global Positioning System (GPS) III space vehicles seven and eight. The award is is a modification to a previous cost-plus-incentive-fee contract. Work on GPS III-7 is expected to complete by April 1, 2018, while work on GPS III-8 is expected to wrap up by Oct. 1, 2018. DoD said $17 million was obligated on award. GPS III is the Air Force's next generation positioning, navigation…

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