Boeing Comments on Loss of Sat Contract
Boeing issued a statement on its loss today to Lockheed Martin Corp. for a $1.46 billion Air Force contract to build a new network of navigation satellites for military and civilian use, known as GPS III.
Had it won, Boeing would have built the satellites in El Segundo.
Here's the statement: "Boeing is disappointed by this loss, for we assembled a great team that submitted a solid proposal for the GPS III program. We look forward (to) receiving the debrief from the United States Air Force."