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Jacques van Oene
January 24th 05, 09:59 PM
Air Force Awards Boeing $172.3 Million for Two GPS Satellite Contract
Options

ST. LOUIS, January 24, 2005 - The U.S. Air Force awarded Boeing [BA: NYSE:]
two GPS IIF contract options valued at $172.3 million.

"These award options indicate exceptional customer confidence in our work on
the GPS program, "said John Fuller, vice president for Boeing Air Force
Space Systems. "Last December one of our GPS II satellites completed its 15
th year on orbit, which is well beyond its 7.5 year design life. This is the
type of program execution and performance the customer wants and that we
plan to deliver."
The first award is a $143.9 million contract modification to the existing
Navstar Global Positioning System (GPS) Block IIF contract that exercises
the option to begin production of three satellites, Space Vehicles (SV) 07
through 09. These satellites will be completed by June 2008.

A second contract for $28.4 million exercises an option for long-lead
hardware for the production of an additional three GPS IIF satellites, SV-10
through 12. The first three GPS IIF spacecraft currently are in various
stages of assembly, integration and test at Boeing Satellite Systems in El
Segundo , Calif.
The GPS IIF satellites are designed for flexibility and growth, have
improved anti-
jam capability and secure operational military codes. Additionally, the IIF
satellites built under this contract option will enable the Air Force to
sustain the overall GPS constellation at peak performance to support global
military needs. The first GPS IIF launch is scheduled for 2007.

The Space and Missile Systems Center manages the GPS program through a joint
program office at Los Angeles Air Force Base, Calif.
A unit of The Boeing Company, Integrated Defense Systems is one of the
world's largest space and defense businesses. Headquartered in St. Louis ,
Boeing Integrated Defense Systems is a $27 billion business. It provides
network-centric systems solutions to its global military, government and
commercial customers. It is a leading provider of intelligence, surveillance
and reconnaissance systems; the world's largest military aircraft
manufacturer; the world's largest satellite manufacturer and a leading
provider of space-based communications; the primary systems integrator for
U.S. missile defense and Department of Homeland Security; NASA's largest
contractor; and a global leader in launch services.
###
Contacts:
Erik Simonsen
The Boeing Company
562-496-5692

Robert Villanueva
The Boeing Company
714-372-2089


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Jacques :-)

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