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Raytheon Wins $886M GPS Deal from Air Force

Raytheon Company (NYSE: RTN) has won an initial contract of $886 million from the U.S. Air Force to develop a new element of the Global Positioning System to improve the accuracy of information from GPS satellites.

The contract represents the first two development blocks of the advanced control segment (OCX), which will have a significant impact on GPS capabilities. The OCX will include anti-jam capabilities and improved security, accuracy and reliability and will be based on a modern service-oriented architecture to integrate government and industry open-system standards.

“We are excited to partner with the Air Force to provide the best-value GPS control system for the future, ” said Lynn Dugle, president of Raytheon’s Intelligence and Information Systems business. “Raytheon’s broad experience in delivering satellite-to-ground command-and-control systems will ensure that our nation’s military and civil GPS users worldwide are provided new capabilities.”

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