Raytheon’s $7 Billion GPS Stations Are Running 73% Over Estimates
- The ground station network known as OCX is seven years late
- Taxpayers have to bear the costs of project’s steady increases
Source: US Government
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Raytheon Technologies Corp.’s system of 17 ground stations to control the Pentagon’s constellation of GPS satellites has drawn the ire of the House panel that funds annual defense spending because it’s running seven years late and is now $7 billion, which is 73% costlier than initial projections.
“This is unacceptable and demands senior leader attention to ensure the program has the appropriate resources to complete development and deliver the capability as soon as possible,” the House Defense Appropriations subcommittee said Wednesday in its report on the fiscal 2024 defense budget.