Author: Jane Edwards|| Date Published: September 17, 2018
Lockheed Martin (NYSE: LMT) has secured a potential $7.2B follow-on contract from the U.S. Air Force to build an additional 22 GPS III satellites.
The service said Friday it expects the initial GPS IIIF satellite to be available for liftoff by 2026 under the fixed-price contract.
œGetting to a manufacturing steady state in a fixed-price environment will allow us the opportunity to realize substantial cost savings, deliver on a planned schedule and provide avenues for needed warfighter capability upgrades in the future, said Lt. Gen. John Thompson, commander of Air Force Space Command™s space and missile systems center and program executive officer for space.
Lockheed submitted its bid for the GPS III Follow-On program in April two months after the service issued a solicitation for the satellite development initiative.
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
Valiant Solutions, a provider of cybersecurity technologies and services, has acquired Abile Group to expand its cybersecurity and network engineering capabilities,…
Lockheed Martin (NYSE: LMT) has secured a potential $7.2B follow-on contract from the U.S. Air Force to build an additional 22 GPS III satellites.
