The Global Positioning System III, or GPS III, is moving into the critical design review phase, Lockheed Martin Corp. [LMT] announced. That move into the next phase began on schedule, the company stated. CDR will lead toward production of the next-generation satellite system. Over the next year, Lockheed Martin Space Systems, Newtown, Pa., along with industry partners ITT, Clifton, N.J., and General Dynamics Corp. [GD] of Gilbert, Ariz. will conduct 70 individual CDRs for key GPS III spacecraft subsystems, assemblies…
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