Raytheon awarded contract to develop/test new space systems

Raytheon Company (NYSE: RTN) has announced it has been awarded a five-year, USD 150m contract to develop new space systems and flight software, and provide engineering, training and operations support for NASA´s Jet Propulsion Laboratory, managed by Caltech, the company said.

The contract could potentially be worth USD 300 million over 10 years if all options are exercised.

Work on the new contract is expected to begin in October, though Raytheon has supported JPL since the 1960s, when the company developed the Mars Infrared Radiometer for the Mariner missions. The company currently manages the lab´s data systems, testing and developing software and providing on-call technical support during critical events like Mars rover landings.

Raytheon Company, with 2018 sales of USD 27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions.