financetom
Business
financetom
/
Business
/
Market Chatter: RTX Delivers $7.6 Billion Ground Control Network to Space Force
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: RTX Delivers $7.6 Billion Ground Control Network to Space Force
Jul 18, 2025 4:22 AM

06:57 AM EDT, 07/18/2025 (MT Newswires) -- 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.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Skillsoft Cuts Fiscal 2025 Revenue Guidance, Approves Up To $10 Million Share Buyback Plan
Skillsoft Cuts Fiscal 2025 Revenue Guidance, Approves Up To $10 Million Share Buyback Plan
Jul 11, 2024
08:06 AM EDT, 07/11/2024 (MT Newswires) -- Skillsoft ( SKIL ) said Thursday it now expects fiscal 2025 revenue of $510 million to $525 million, down from its prior guidance range of $530 million to $550 million. Three analysts polled by Capital IQ expect $535.9 million. The company said it plans to implement a resource reallocation plan to save $45...
Johnson & Johnson Completes Acquisition of Yellow Jersey Therapeutics
Johnson & Johnson Completes Acquisition of Yellow Jersey Therapeutics
Jul 11, 2024
07:59 AM EDT, 07/11/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) said Thursday that it has completed its acquisition of Yellow Jersey, a de-merged subsidiary of Numab Therapeutics, in an all-cash transaction worth approximately $1.25 billion. The pharmaceutical giant said the aim of the acquisition was to obtain the global rights to NM26, an investigational drug intended to...
Volkswagen, QuantumScape strike deal on solid-state batteries
Volkswagen, QuantumScape strike deal on solid-state batteries
Jul 11, 2024
BERLIN, July 11 (Reuters) - Volkswagen has secured production of solid-state batteries developed with U.S. startup QuantumScape ( QS ), both companies said on Thursday, as the German carmaker aims to bring the technology into more vehicles. Under an agreement announced on Thursday, Volkswagen's battery unit PowerCo will receive the licence to mass-produce battery cells based on QuantumScape ( QS...
Cyngn Expands Dealer Network to Include Alta Equipment Group
Cyngn Expands Dealer Network to Include Alta Equipment Group
Jul 11, 2024
07:58 AM EDT, 07/11/2024 (MT Newswires) -- Cyngn ( CYN ) said Thursday it has expanded its dealer network to include Alta Equipment Group ( ALTG ). Alta Equipment ( ALTG ), a construction and material handling equipment seller, will now offer Cyngn's ( CYN ) DriveMod Tugger, an autonomous vehicle service combined with Motrec's MT-160. The company said it...
Copyright 2023-2026 - www.financetom.com All Rights Reserved