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Lockheed Martin Secures $514 Mln U.S. Space Force Contract For GPS?IIIF SV23 & 24

Infrastructure & DefenseTechnology & InnovationCompany Fundamentals

Lockheed Martin won a $514 million contract from the U.S. Space Force to build Global Positioning System IIIF Space Vehicles 23 and 24. The award is a positive incremental development for the company’s defense backlog and space systems business. The announcement is likely material for Lockheed Martin but unlikely to move the broader market.

Analysis

Lockheed Martin won a $514 million contract from the U.S. Space Force to build Global Positioning System IIIF Space Vehicles 23 and 24. The award is a positive incremental development for the company’s defense backlog and space systems business. The announcement is likely material for Lockheed Martin but unlikely to move the broader market.

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