Lockheed Martin LMT 1.75%↑ has secured a $514 million contract from the U.S. Space Force to build the next two GPS III Follow-on (GPS IIIF) satellites, SV23 and SV24, strengthening the service’s ability to deliver resilient positioning, navigation and timing capabilities worldwide. The award, announced last week, continues Lockheed Martin’s dominant role in the GPS III program.