Lockheed Martin Corp. said its Newtown-based team working on a new global-positioning system for the Air Force has completed the critical design review stage two months ahead of schedule.
Lockheed said in a release that the successful review allows it to enter the production stage on the GPS III system, which is designed to improve position, navigation and timing as well as anti-jamming capabilities, among other features, while providing signals three times more accurate.
The company is working with ITT (Clifton, N.J.) and General Dynamics (Scottsdale, Ariz.) under a $3 billion development and production contract awarded by the Air Force Global Positioning Systems Wing.