in ,

Report: Air Force Eyes $938M Budget for 10th GPS III Satellite

Report: Air Force Eyes $938M Budget for 10th GPS III Satellite - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

satellite airforceAn annual budget plan from the U.S. Air Force would set aside up to $7.1 billion for the military branch’s space programs in fiscal 2016, Reuters reported Monday.

Andrea Shalal writes the Air Force plans to invest $938 million in the research, development and acquisition of a tenth Global Positioning System III satellite.

The budget would also fund a ground control infrastructure being constructed by Raytheon, according to the report.

Lockheed Martin is the incumbent contractor in the GPS III program.

The branch’s proposed budget also sets aside money to conduct up to five space launches through the Evolved Expendable Launch Vehicle initiative and build a U.S.-made rocket engine.

The Defense Department is slated to review the military satellite program this month, according to Shalal.

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

DRS Launches New Product Accreditation Program; Todd Brown Comments - top government contractors - best government contracting event
DRS Launches New Product Accreditation Program; Todd Brown Comments
Lockheed Orders Northrop Beam Radars for Taiwan's F-16s; Jeff Leavitt Comments - top government contractors - best government contracting event
Lockheed Orders Northrop Beam Radars for Taiwan’s F-16s; Jeff Leavitt Comments