Raytheon Picks Up $1.7 Billion NASA Contract

Raytheon Company (NYSE: RTN) won a pair of deals worth a potential total value of more than $1.7 billion over the next eight years.

According to the firm, “these contracts, replacing previous government contracts worth approximately $1.4 billion, were awarded by NASA on behalf of the National Oceanic and Atmospheric Administration for the Joint Polar Satellite System, successor to the National Polar-orbiting Operational Environmental Satellite System program.”

JPSS is made up of a series of sophisticated satellites and senors producing weather and climate measurements.

“The award of the JPSS Common Ground System enables uninterrupted support to meet both civilian and defense weather needs, ” said Lynn Dugle, president of Raytheon Intelligence and Information Systems. “It allows Raytheon to continue the development and evolution of the ground system into an exceptional operational program for JPSS and DWSS.”

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