Market Chatter: RTX Delivers $7.6 Billion Ground Control Network to Space Force

MT Newswires Live07-18

RTX (RTX) has delivered its $7.6 billion ground control network to the US Space Force for its constellation of GPS satellites, Bloomberg News reported Thursday, citing a statement.

The company delivered the Next Generation Operational Control System, known as OCX, at the start of this month, according to the report.

The system will start operations later in 2025, subject to successful final checkouts, Bloomberg reported.

RTX didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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