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Business/Financial

Raytheon, Northrop, Finish STSS Payload Study

DDN

Monday, June 30th, 2008

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Raytheon Co. [RTN] completed a key satellite payload trade study with Northrop Grumman Corp. [NOC], the prime contractor for the Space Tracking and Surveillance System (STSS), Raytheon announced. Results of the study may be used to enhance mission performance of follow-on STSS satellites and improve their capacity to provide timely midcourse tracking data and report missile attacks. The Missile Defense Agency plans to develop and maintain a small constellation of satellites to detect enemy missiles through all phases of flight.…

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