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DoD Officials Escalate Public Criticism Of GPS OCX Program Amid Budget Shortfall

Thursday, January 14th, 2016

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Storm clouds could be forming on the horizon for Raytheon [RTN] and its Global Positioning System (GPS) operational control segment (OCX) as Pentagon officials have escalated public criticism of the beleaguered program in recent weeks while confronting a $15 billion budget gap for fiscal year 2017.Air Force Space Command (AFSPC) chief Gen. John Hyten on Dec. 8 called OCX a “disaster,” the service’s strongest criticism in recent memory, and said it was “embarrassing” to have to defend it to the…

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