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Next Generation Of GPS Will Come From Colorado's Lockheed Martin

DENVER (CBS4) - Hundreds of millions of people use GPS every day. The next generation of the navigational system will come from Lockheed Martin in Colorado.

The satellites will be built in inside Lockheed Martin's new 50,000 square foot processing facility in Waterton Canyon.

GPS III promises new capabilities over current satellites, including higher accuracy, security and reliability.

"The satellites that are built right here in Colorado will soon be launched into space where they will quietly serve over one billion users daily, making business more efficient, our lives easier, and most importantly our military more safe and effective," Joanne Magurie with Lockheed Martin said.

Lockheed Martin is contracted to build four of the new satellites with the first scheduled to be launched in 2014.

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