29-05-2025
Lockheed Martin awarded $509.76M Air Force contract modification
Lockheed Martin (LMT) has been awarded a $509.76M modification to a previously awarded contract for Global Positioning System III Follow-On Space Vehicles 21 and 22. The modification brings the total cumulative face value of the contract to $4.1B. Work will be performed at Littleton, Colorado, and is expected to be completed by November 2031. Fiscal 2025 missile procurement funds in the amount of $55.04M are being obligated at time of award. The Space Systems Command is the contracting activity.
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