Raytheon [RTN] in February successfully completed the second launch readiness exercise for the launch and checkout system (LCS) of the Air Force’s next-generation Global Positioning System (GPS) III satellite operational control system (OCX), according to a company statement. Completion of Exercise 2 is a key milestone demonstrating that Raytheon’s OCX software meets mission requirements and is on track to support the first GPS III satellite launch scheduled for 2015. Completed over a three-day period in late February, the joint industry…
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