Raytheon-GDIT JV Manages Satellite Launch With New GPS Payload; Dave Wajsgras Comments

TYSONS CORNER, VA, June 20, 2016 ” The Eutelsat 117 West B geostationary satellite, which was equipped with Raytheon‘s (NYSE: RTN) GEO 5 payload built for the Federal Aviation Administration‘s Wide Area Augmentation System, has been sent to space aboard a SpaceX Falcon 9 rocket, ExecutiveBiz reported Thursday.

Raytheon said Wednesday the WAAS GEO 5 payload works to support the satellite’s global positioning system and will be part of a 12-year mission.

“Extremely accurate navigation technologies make this system a critical resource to keep our national airspace safe, ” said Dave Wajsgras, president of Raytheon’s intelligence, information and services unit.

The Raytheon and General Dynamics Information Technology (NYSE: GD) joint venture RGNext managed the launch of the Eutelsat satellite.

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