Sixth GPS III Satellite Built by Lockheed Martin Launches As Part of Constellation Modernization
Lockheed Martin (NYSE: LMT) successfully launched the sixth Global Positioning System III (GPS III) satellite, GPS III SV06, from Cape Canaveral, Florida, on January 18, 2023.
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Rhea-AI Summary
Lockheed Martin (NYSE: LMT) successfully launched the sixth Global Positioning System III (GPS III) satellite, GPS III SV06, from Cape Canaveral, Florida, on January 18, 2023. This satellite will enhance the U.S. Space Force's GPS constellation, providing advanced positioning, navigation, and timing data to military and civil users globally. Lockheed Martin has completed production of all 10 original GPS III satellites, with GPS III SV06 being the 25th Military-Code satellite. The company is now contracted for three additional GPS IIIF satellites, valued at approximately $744 million. This satellite boasts three times greater accuracy and improved anti-jamming capabilities.
Positive
- Successful launch of GPS III SV06 enhances the U.S. Space Force's GPS capabilities.
- Contract for an additional three GPS IIIF satellites valued at approximately $744 million signed.
- GPS III satellites offer three times greater accuracy and eight times better anti-jamming capability.
Negative
- None.
Details
News Market Reaction – LMT
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GPS III Space Vehicle 06 (GPS III SV06) launched from
GPS III SV06 is the 25th Military-Code satellite introduced to the constellation. The satellite will provide advanced technology to aide Space Force operators in their mission by providing positioning, navigation and timing (PNT) data to military and civil users worldwide.
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GPS is a satellite-based radio navigation system that delivers the gold standard in PNT services to America's military,
GPS III vehicles provide three times greater accuracy and eight times greater anti-jamming capability over existing satellites in the constellation. To better address mission needs and emerging threats,
For additional GPS information, photos and video visit: www.lockheedmartin.com/gps.
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