Raytheon: US Air Force GPS Pact For $27.4M

Raytheon Company (NYSE: RTN) has been awarded a $27.4 million contract by the U.S. Air Force Space and Missile Systems Center for development of a Global Positioning System (GPS) Launch and Checkout System (LCS), which will provide early launch and checkout of GPS III satellites starting with the first GPS III launch in 2014.

Raytheon was awarded the prime contract to develop the GPS Next Generation Operational Control System (OCX) in February 2010, with a scheduled delivery date of 2015. The LCS solution enables GPS III satellites to launch on schedule and conduct on-orbit checkout prior to the full GPS OCX delivery in 2015.