Raytheon Completes System Requirements Review for the Next GPS Control Segment

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.

SOURCE Raytheon Company