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 4/10 Good --- www.kansas.com http://www.kansas.com/107/index.rss
| News, sports, and entertainment from Kansas.com ... |
Thursday, May 15, 2008 --- 54 days ago http://www.kansas.com/107/story/403136.html
| The Air Force is expected this week to award either Lockheed Martin Corp. or Boeing Co. a contract worth about $1.8 billion to build eight next-generation global positioning satellites. The deal could ultimately be worth more than $4 billion as the victor will be in a strong position to win two additional contracts for another 24 satellites for the Pentagon's new GPS III system, said Loren Thompson, a defense industry consultant based in Virginia. Thompson consults for Lockheed, among other aerospace companies, but not on the GPS III program. The first GPS III satellites are scheduled for launch in 2014, with all 32 satellites in orbit by 2022. The military relies on GPS systems to provide precision timing and navigation signals for aircraft, guide bombs and missiles, direct troops, map battlefields, conduct minesweeps and perform other operations critical to modern warfare. Air Force officials declined to comment on the timing of the contract announcement, although two industry sources said it could come as soon as Tuesday. Boeing and Lockheed already hold satellite contracts for the military's existing GPS II constellation, but Boeing's part of that program has suffered technical problems, delays and cost increases. That track record will likely tip this next-generation contract in Lockheed's favor, Thompson said. ... |
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