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Business/Financial

Raytheon Gains $29 Million Contract For Airspace Concept

DDN

Monday, June 1st, 2009

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NASA gave Raytheon Co. [RTN] a $29 million follow-on contract to help design air traffic management and other items in the Airspace Concept Evaluation System (ACES). This is a cost-plus-fixed-fee contract that begins today. The base contract lasts two years and has three one-year options. Under the terms of the contract, the company will provide research support to the Airspace Systems Program of the Aeronautics Research Mission Directorate for the design of advanced air traffic management concepts and software, and…

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