In this paper a survey of the spreading modulation of the new GPS signals (L1C, L2C, and L5) is considered. The new signals seem to offer several improvements which range from higher power, better code selection, and improved modulation schemes which offer receiver designers the opportunity to obtain unmatched performance in many ways such as in the case of a maximum likelihood GPS receiver. For example the Multiplexed Binary Offset Carrier (MBOC) spreading modulation has been recommended by the GPS-GALILEO Working Group on interoperability and compatibility because the MBOC(6,1,1/11) power spectral density is a mixture of BOC(1,1) spectrum and BOC(6,1) spectrum, that would be used by GALILEO for its Open Service (OS) signal at L1 frequency, and also by GPS for its modernized L1 Civil (L1C) signal. It is suggested that a number of different time waveforms can produce the MBOC(6,1,1/11) spectrum, allowing flexibility in implementation and maintaining interoperable waveforms for GALILEO and GPS. On the other hand, the time-multiplexed BOC (TMBOC) implementation interlaces BOC(6,1) and BOC(1,1) spreading symbols in a regular pattern, whereas composite BOC (CBOC) uses multilevel spreading symbols formed from the weighted sum of BOC(1,1) and BOC(6,1) spreading symbols, interplexed to form a constant modulus composite signal. New L1C provides a number of advanced features, which includes 75% of the power in a pilot component for enhanced signal tracking, advanced Weil-based spreading codes, an overlay code on the pilot that provides data message synchronization, support for improved reading of clock and ephemeris by combining message symbols across messages, advanced forward error control coding, and data symbol interleaving to combat fading. The resulting design offers receiver designers the opportunity to obtain a greatly improved performance in many ways. In this paper we perform a theoretical survey of the new signals and suggest a new code spreading modulation scheme which could provide even further improvements to the new GPS III signals.