Sign In
Search
Uncategorized

Air Force Withholds $26 Million From Lockheed Martin Over GPS III Delays

Rich Abott By
SHARE:

The Air Force has withheld nearly $26 million from Lockheed Martin [LMT] since May 2011 over delays of the first Global Positioning System (GPS) III satellite due to issues with its navigational payload. Air Force spokesman Maj. Eric Badger said in a recent email GPS III prime contractor Lockheed Martin earned 62 percent of the total available award fee pool of nearly $68 million between May 2011 and May 2014. For the most recent award fee period between May 2013…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: Golden Dome Munitions, Collaborative Autonomy, New Glenn News, P-8 News

Defense Watch

Defense Watch: HASC Work, DDG Delivery, C-130 Autonomy, Swarm Forge

Navy/USMC

Navy Names New Temporary Acquisition Chief

Budget

Defense Bill Tries To Block Foreign Shipbuilding, Adds $1 Billion For Second DDG

Trending

Air Force Eyes Mass Production of FAMM-P While Also Pursuing FAMM-L
HASC Approves $1.15 Trillion FY ‘27 NDAA With ‘Right To Repair’ Reform
York Delivers Second Production Lot Of Tranche 1 Transport Satellites For SDA
Air Force Leadership Backs MYPs Beyond F-35 And F-15EX
Lockheed Details Successful Propulsion Demo For PrSM Inc. 4 Design, Flight Test To Begin This Fall

Congress Updates

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]

Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume