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Lockheed Martin Finishes Building Second GPS III Satellite

By Marc Selinger

Monday, July 3rd, 2017

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Lockheed Martin [LMT] has finished assembling the second Global Positioning System (GPS) III satellite for the U.S. Air Force and plans to begin environmental testing of the navigation spacecraft in summer 2017, the company announced June 26.The testing, which will take place at a company plant near Denver, is designed to ensure the satellite can withstand the harsh conditions of launch and space. The satellite is slated to be available for launch in 2018.Eight more GPS IIIs are in various stages…

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