U.S. has awarded a $138 million option to Boeing (NYSE: BA) manufacture three extra Global Positioning System (GPS) satellites under the GPS Block IIF contract. The awarded option brings to twelve the number of Block IIF satellites Boeing is making under contract to the military’s NAVSTAR GPS joint program office. Boeing hopes that the first GPS Block IIF satellite, identified as SV-1, will be available in 2007.
Col. Wesley Ballenger, commander of the NAVSTAR GPS Joint Program Office at the Space and Missile Systems Center in Los Angeles said,
The award of this follow-on contract to Boeing reaffirms an enduring partnership between the Air Force and Boeing, a partnership that began more than three decades ago,
The GPS system is a space-based radio positioning system consisting of a constellation of 24 orbiting satellites and providing two levels of service: a standard positioning service and encoded service
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