The Air Force today chose Lockheed Martin to develop the next-generation navigation satellite constellation, continuing Boeing's recent slump in high-profile military contract competitions. The highly anticipated GPS III award -- worth $1.5 billion -- is for two research and development satellites, Air Force officials announced late this afternoon. The full five-option contract for 12 satellites is valued at $3.5 billion. On May 9, Pentagon acquisition executive John Young signed an acquisition decision memorandum for GPS III, green-lighting the Air Force...
