LMT beat out Boeing for a $1.4 billion contract to build the next generation GPS satellites for the U.S. Air Force.
Lockheed Martin Aeronautics was awarded a firm fixed price contract modification for $498.2 million.
Boeing, overcoming technical problems with earlier satellites it built for the U.S. government's space program, won a new contract to build tracking satellites valued at up to $1.2 billion. They won the contract from rival Northrop Grumman.
Lockheed Martin wins a $655 million contract to continue work on missile systems until 2010.