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  • Friday, April 19, 2024

Raytheon Secures $234M Contract to Build GPS III Follow-On Satellite Ground System

Raytheon Technologies’ (NYSE: RTX) intelligence and space business has received a potential $234 million contract from the U.S. Space Force to update Blocks 1 and 2 of the GPS Next-Generation Operational Control System to facilitate the integration of GPS Block III Follow-on satellite capabilities.

The Space and Missile Systems Center obligated $20 million in research, development, test and evaluation funds for fiscal year 2021 at the time of award, the Department of Defense said Friday.

Work will occur in Aurora, Colorado, through Aug. 30, 2025.

GPS OCX is a ground control system designed to monitor, track and update GPS satellites and is divided into three blocks. Delivery of Block 0 occurred in the fall of 2017. Raytheon Intelligence and Space will concurrently deliver Block 1 with Block 2 in 2022. Block 1 will provide control of modernized and legacy satellites and signals, while Block 2 will add operational control of Military Code and L1C signals.

In 2018, Lockheed Martin (NYSE: LMT) secured a potential $7.2 billion contract to build 22 GPS IIIF satellites that are expected to begin launching in 2026.

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