ITT Exelis (XLS) Gets $32M Contract from Lockheed for GPS III Navigation Payloads
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ITT Exelis (NYSE: XLS) has been awarded a $32 million contract by Lockheed Martin to build the navigation payloads for the Global Positioning System III (GPS III) space vehicles three and four. Exelis announced in December 2011 that it had successfully integrated and performed the initial power up of the full-size payload prototype known as GPS III Non-Flight Satellite Testbed (GNST) Navigation Payload Element.
Exelis was selected along with Lockheed Martin in 2008 by the U.S. Air Force to build the next-generation GPS III program. The GPS III team is led by the Global Positioning Systems Directorate at the U.S. Air Force Space and Missile Systems Center.
Exelis was selected along with Lockheed Martin in 2008 by the U.S. Air Force to build the next-generation GPS III program. The GPS III team is led by the Global Positioning Systems Directorate at the U.S. Air Force Space and Missile Systems Center.
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