On Sunday in Paris, France at the Paris Air Show, Lockheed Martin announced that they have begun the critical design review stage of the United States Air Force’s GPS III program. This stage, the company says, will require extensive work over the next year.
In all, Lockheed Martin says it will conduct 70 critical design reviews. To help, the company will partner with General Dynamics of Arizona and ITT of New Jersey.
When the critical design review stage is complete in the fall of 2010, there will be one final review that will make sure that the design of the GPS II …read more

Lockheed Martin got good news on Friday when they were notified by the United States Air Force that they landed a contract worth nearly $1.5 billion. The contract deals with satellite technology.
Following the news of the contract, stock for Lockheed Martin shot north. The latest numbers has Lockheed Martin stock valued at more than $83.60.
The Air Force will use Lockheed Martin’s satellite work to do a number of tasks including the ability to track missiles from hostile locations. The program for this specific satellite is called SBIRS — or Space Based Infrared Systems.
Going by revenue, Lockheed Martin is billed as …read more