Air Force Expects OCX Development Contract To Reach $1.7B

By Courtney Albon / December 12, 2014 at 7:11 PM
The Air Force anticipates the total cost of Raytheon's next-generation Global Positioning System operational control segment development contract will surpass $1.7 billion, about $100 million above the cost negotiated when the program was restructured this summer. The Air Force renegotiated the GPS OCX contract earlier this year, pushing its delivery date to May 2018, according to a Space and Missile Systems Center spokesman. To date, the service has authorized an overrun of $698 million for GPS OCX, bringing the current...

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