SpaceX wins Air Force contract to send GPS satellite into orbit

• The U.S. Air Force awards an $82.7M contract to Elon Musk's SpaceX to launch a satellite in 2018 to support the Global Positioning System used by the military and consumers for navigation.
• The head of the Space and Missile Systems Center says the Air Force will save 40% compared with what United Launch Alliance has been charging, as SpaceX's most significant military contract yet breaks the monopoly that ULA partners Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) have held on military space launches for more than a decade.
• ULA did not bid for the GPS 3 launch contract, but says it intends to compete for future military launches.
• Now read ULA shied away from price war with SpaceX?