Lockheed Martin Wins $514M U.S. Space Force Contract for GPS IIIF SV23 and SV24

Lockheed Martin has secured a $514 million U.S. Space Force contract for GPS IIIF Space Vehicles 23 and 24, extending its production run to 14 spacecraft. The award keeps the company’s Denver GPS line tied to the next phase of constellation refresh, with the block built around stronger anti-jam performance, secure M-Code service and digital navigation payloads.

GPS IIIF is the production path for replacing aging GPS capacity while hardening the architecture for contested environments. For the sector, the signal is clear: demand remains intact for resilient positioning, navigation and timing assets, and the follow-on block is now moving deeper into the procurement pipeline.