Both Boeing and Lockheed Martin have completed the necessary work to proceed on the Global Positioning System Block III program. Air Force Space Command’s Space and Missile Systems Center has awarded $50 million contracts to both companies, headed toward system design review in spring 2007. SMC officials expect to award a development contract for GPS III later this year. Meanwhile, the Air Force reportedly is considering whether to engage an independent contractor to serve as program integrator.
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.