ITT wins air traffic control contract (sorry XM)

Thursday, August 30, 2007 at 4:47 PM
Tags: Air Traffic Control, Raytheon, XM, XMWX

Ouch, that's gotta hurtThe FAA has selected ITT Corp to build the first portion of a new satellite-based air traffic control system.

ITT beat competitors Lockheed Martin and Raytheon for the $1.8 billion project that could give the company a leg up in securing other contracts related to the air-travel system.

The proposed system, which the FAA said posed "no technical risks," uses GPS technology to replace the FAA's aging network of 50-year-old ground-based analog radar technology.

Lockheed was considered the favorite for bagging the deal, while Raytheon's proposal included the XM WX Weather service as part of the offering.

[Wall Street Journal]

Comments

DAMN IT!

I know thats right. sirifan

Nobody cutting these guys a F....in break. Would have been huge. however there are plenty of businesses out there that could still adopt their services.

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