RTX Corporation (RTX)

[dr_praeses]

8/23/07

Defense giant Raytheon (RTN) and XM Satellite Radio (XMSR) are bidding for a contract that could help ease flight delays by overhauling the air traffic control system. The contract could be worth more than $2B over the next two decades for Raytheon. The Federal Aviation Administration , or FAA, could award the contract as early as next week. XM has begun using its satellite for applications other than satellite radio. Lockheed Martin (LMT) is also competing for the FAA contract.

[Reference Link]:

[http://www.boston.com/business/globe/articles/2007/08/23/raytheon_xm_bid_to_modernize_air_traffic_sy....