Raytheon (NYSE: RTN) has received a $131 million contract to update the Federal Aviation Administration’s wide area augmentation system as the agency moves into a dual frequency system.
WAAS serves as a satellite-based augmentation system for air traffic safety functions, Raytheon said Friday.
“Continuing to enhance the WAAS system is an important step for the national air space, ” said Robert Delorge, vice president of Raytheon C4I Systems.
“We will continue our partnership with the FAA to ensure continuous operations of the system going forward, ” he added.
Raytheon has worked on WAAS updates for the FAA since the system’s NAS certification in 2003.