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GPS III Source Selection Pushed Off To May

DDN

Tuesday, April 22nd, 2008

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By Emelie Rutherford The Air Force has delayed the contract award decision for the Global Positioning System Block IIIA satellites until next month, leaving competitors Lockheed Martin [LMT] and Boeing [BA] awaiting word on the lucrative pact longer than expected. Los Angeles-based Air Force Space and Missile Systems Center [AFSPC] issued a statement Friday night saying the service "currently anticipates contract award in May 2008." Industry officials had expected to hear last week which company won the competition for the…

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