Lockheed leads GPS team

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	Lockheed Martin Corp. is heading a team that will pursue a contract for the Air Force's next-generation global positioning satellite system.

Lockheed Martin Corp. is heading a team that will pursue a contract for the Air Force's next-generation global positioning satellite system.

The GPS III Phase A contract will cover systems requirement development. Two contracts are expected to be awarded for about $25 million each, according to a sources-sought announcement by the Air Force. A second contract worth $200 million will follow.

Lockheed Martin's team includes General Dynamics Corp., ITT Industries Inc. and Raytheon Co.

 

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