
| Raytheon Wins $886 Million Contract To Develop Next-Generation GPS Control Segment |
![]() Program to improve security, accuracy and reliability of GPS satellites
08:38 GMT, March 1, 2010 AURORA, Colo. | The U.S. Air Force has selected Raytheon Company (NYSE: RTN) for an initial contract of $886 million to develop a new element of the Global Positioning System to improve the accuracy of information from GPS satellites. |
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Company or Organisation Portrait:
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide. |
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Company or Organisation Contact:
Keith Little +1.703.608.4230 kdlittle@raytheon.com |
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