Raytheon gets $38M Air Force pact to design GPS receiver

location based services

Raytheon Co. (RTN) received a $38 million contract from the U.S. Air Force to design next-generation global positioning receivers.
The Waltham, Mass., defense contractor said another contract could follow to complete development and build prototype receiver cards for testing.
The military wants the circuit card technology to connect users with new global positioning system navigation signals that will be compatible with enhanced GPS satellites.
General Dynamics Corp. (GD) and Trimble Navigation Ltd. (TRMB) are Raytheon's partners in the project.
Raytheon recorded sales of $21.9 billion for all of 2005.