Lockheed Martin ⁣Secures $510M GPS⁣ III Follow-On⁢ Satellite Contract

‌ Updated May 30,2025

Lockheed Martin has received a ​$509.7‌ million contract modification from the U.S. Department of Defense to ⁤produce Global Positioning System (GPS) III Follow-On Space Vehicles 21 and 22. This award increases the total value of Lockheed’s GPS III follow-on work to over $4.1 billion.

The contract, designated FA8807‐18‐C‐0009, underscores the ongoing commitment to enhance GPS technology. The GPS III satellites promise ‌improved accuracy⁢ and security for both military and civilian users. This new deal ensures the continued development and deployment​ of advanced GPS capabilities.

What’s next

Lockheed Martin will continue production of the GPS III follow-on‌ satellites, contributing to the modernization of the GPS constellation.These⁢ advancements are crucial for⁢ maintaining U.S. leadership in space-based technology and ‌ensuring reliable ​GPS ⁣services worldwide. The GPS III program represents⁢ a significant investment in national ⁤security and ​technological advancement.