July 6, 2006
The US Air Force has awarded Boeing a $138-million option to build three additional GPS satellites under the GPS Block IIF contract.
The exercised option brings to 12 the number of Block IIF satellites Boeing is building under contract to the military's NAVSTAR GPS joint program office. Boeing expects the first GPS Block IIF satellite, known as SV-1, to be ready for delivery in 2007.
In addition to building 12 Block IIF satellites, Boeing is also under an $800-million contract to support the GPS ground segment.
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