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Business/Financial

Raytheon Gains $23.5 Million Contract Change For GPS Ground Station Control Segment Work

DDN

Monday, April 27th, 2009

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The Air Force gave Raytheon Co. [RTN] a $23.5 million contract extension to perform additional risk-reduction activities for the next-generation Global Positioning System Operational Ground Control Segment, or GPS OCX. Raytheon will identify and mitigate program risk to create a roadmap to keep the program on budget and on schedule. Thus far, Raytheon met its major program milestone requirements on or ahead of schedule. The team expects a final request for proposal in the next few months. That original contract…

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