Lockheed Loses $70 Million Over GPS Satellite Overruns

Lockheed Martin Corp. (LMT) will lose its entire fee of about $ 70 million to defray an 18 percent cost overrun on the first Global Positioning System satellites of a new design, according to the Air Force. The Air Force estimates the first two GPS-III …See all stories on this topic » Bloomberg Google Alerts […]

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