WASHINGTON (AP) — Lockheed Martin Corp. and Boeing Co. are rival bidders for the first phase of a military contract worth up to $2 billion to build a next-generation global satellite system, the companies said Monday.
The Air Force is replacing 24 of 32 satellites in orbit to create a new system dubbed Global Positioning System III, designed to improve navigation by air, land and sea, and be more difficult for U.S. enemies to disable.
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The first phase of the contract, according to the Air Force, is for eight satellites to be delivered by 2013. The deal will be awarded by year-end.