RTX Corporation, formerly Raytheon Technologies, is a major American aerospace and defense conglomerate. While the company has recently shifted its focus from being a prime contractor in the space field, it continues to supply critical payloads, sensors, and components for satellites and space missions. RTX's space-related products and services include satellite components, advanced sensors, missile defense systems, and space domain awareness technologies, with major customers including the U.S. government, NASA, and international allies. Keywords associated with RTX in the space industry include: space components, sensors, missile defense, space domain awareness, and government contracts.
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Finalists for Deal of the Year included SpaceX raising $1,000,000,000+, NASA’s Commercial Lunar Payload Services awards, OneWeb raising $1,000,000,000+, HawkEye 360’s $70,000,000 Series B, Virgin Galactic’s IPO, Relativity’s $140,000,000 round, the Raytheon-United Technologies merger, and the L3-Harris Corp. merger.
The Missile Defense Agency awarded Northrop Grumman, Raytheon, Leidos, and L3Harris each a $20,000,000 contract to design space sensors that can track hypersonic and ballistic missiles on 2019-10-29.
The Raytheon-supplied OCX Block 0 ground control system will guide the second GPS-3 satellite through checkout and calibration.
Lockheed Martin completed an Operational Control Segment software update in May and is preparing that system for installation to fly GPS-3 satellites until Raytheon’s OCX Block 1 is ready in 2021.
Raytheon and United Technologies agreed to an all-stock merger of equals to create a company called Raytheon Technologies.
The merged company Raytheon Technologies is estimated to have $74,000,000,000 in annual sales.
Raytheon’s contract with the Air Force requires delivery of a complete OCX system by June 2021.
GAO believes an independent assessment of the OCX schedule should be performed by the end of 2019, coinciding with Raytheon’s planned full implementation of a new agile software development methodology.
Under the latest agreement with the Air Force, Raytheon must deliver a complete OCX system by June 2021.
Raytheon rejects the Government Accountability Office's analysis of the OCX program and maintains it will deliver the full system by the June 2021 contractual deadline.
Raytheon delivered OCX Block 0 in September 2017 and that delivery enabled the launch and initial testing of the first GPS III satellite launched in December 2018.
The 2020 budget request includes $198,000,000 for the Family of Advanced Beyond Line of Sight Terminals made by Raytheon.
Wallis Laughrey, vice president of space systems at Raytheon, stated that a Space Force could better align contractors with Department of Defense (DoD) space needs.
Maxar invested most of $150,000,000 spent in 2018 into its WorldView Legion satellites, which are being built in-house at SSL with imaging payloads provided by Raytheon.
Hawkeye 360 has raised more than $28,000,000 from investors including Raytheon, Allied Minds, Space Angels, Razor’s Edge Ventures, Shield Capital Partners, and Sumitomo Corporation of Japan.
Raytheon is accelerating software development to complete OCX Block 1 by June 2021.
The next-generation operational control system OCX was developed by Raytheon with a program cost of $6,000,000,000.
Raytheon’s OCX Block 0 launch and checkout system will support the launch of future GPS 3 satellites.
Two years ago the Air Force awarded three contracts to develop prototype PTW-capable modems: $39,000,000 to Raytheon, $38,000,000 to L3, and $33,000,000 to Viasat.
Two years prior to the report, the Air Force Space and Missile Systems Center awarded prototype terminal contracts of $39,000,000 to Raytheon, $38,000,000 to L3, and $33,000,000 to Viasat for field demonstrations scheduled through 2020.