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Lockheed Martin Lands Contract for 2 Additional GPS III Satellites

Lockheed Martin received a $395 million Air Force contract for producing the ninth and 10th GPS III satellites, the company said in a news release Wednesday. The first eight satellites are under contract in production at Lockheed Martin's GPS III…

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Processing Facility in Colorado, it said, with the first satellite to be delivered to the Air Force later this year. The latest production contract covers both full production and long-lead items, Lockheed Martin said.