Raytheon industry team achieves first OCX milestone to establish solid
foundation
AURORA, Colo., March 28, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has completed the System Requirements Review (SRR) for the U.S. Air
Force on the next-generation Global Positioning System (GPS) Control
Segment (OCX).
This is the first milestone for the OCX program, satisfying the Air
Force's system engineering standard acceptance criteria. Raytheon's
successful completion of this milestone establishes a solid foundation and
roadmap for the achievement of remaining milestones.
The new control segment will have four development phases: The first
phase is for the operation of full capabilities of the current GPS Block II
satellites; the subsequent OCX phases will provide additional net-centric
and navigation warfare capabilities in addition to flying the
next-generation GPS Block III space satellites.
"This important accomplishment demonstrates our commitment to the
maturity and readiness to provide the lowest-risk and best-value solution
for both the military and civil users worldwide," said Bob Canty, vice
president and program manager of GPS OCX for Raytheon Intelligence and
Information Systems' Space Systems. "In completing the SRR early in the
program, the Raytheon OCX team is poised to significantly reduce risk for
the remaining program milestones."
Raytheon is currently under an 18-month, $160 million contract
administered by the Air Force Space and Missile Systems Center, Los Angeles
Air Force Base, Calif., for the first phase of the GPS OCX program.
Based in Garland, Texas, Raytheon IIS is a leading provider of
information and intelligence solutions to the government. Raytheon IIS has
annual revenues of approximately $2.7 billion and employs more than 9,000
engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 85
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.
Contact:
Keith Little
703.849.1675
KDLittle@raytheon.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Keith Little of Raytheon Company,
+1-703-849-1675, KDLittle@raytheon.com
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