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. Last Updated: 07/27/2016

$1 Billion Satellite Plan

LOS ANGELES -- A U.S. Air Force proposal to upgrade the military's global positioning satellite system would be worth about $1 billion to Boeing Co., more than double the company's original contract.

Under the new plan Boeing would build 12 satellites and upgrade the GPS ground control network used by the military to direct aircraft, ships, ground troops and precision-guided weapons.