This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Raytheon's Satellite Air Navigation System Marks 10 Years Of Continuous Service In The US

Stocks in this article: RTN

PARIS, June 19, 2013 /PRNewswire/ -- The U.S. Federal Aviation Administration's satellite-based Air Navigation System, developed by Raytheon (NYSE: RTN), marks 10 years of continuous operation in the United States this year. The Wide Area Augmentation System (WAAS) was officially commissioned by the FAA for public aviation use in July 2003, and since then has continuously transmitted an enhanced and 100 percent reliable Global Positioning System (GPS) satellite signal that meets air navigation performance requirements for en route, terminal, non-precision approach and precision approach phases of flight.

"WAAS has met or exceeded all of its signal in space requirements for more than a decade without disruption," said Joseph Paone, director of Raytheon's Air Traffic Systems. "Pilots are now enjoying all-weather access to thousands of airports."

With the certification of WAAS, the FAA became the first air navigation service provider in the world to make precision navigation signals via satellite available for aircraft use.

WAAS uses ground-based facilities to monitor and correct conventional GPS signals before diverting them to WAAS-capable satellite navigation receivers in aircraft. This provides safe and precise horizontal and vertical approach guidance to all runway ends without any ground equipment at the airport.

WAAS supplies reliable, all-altitude navigation signals, even in remote and mountainous areas. It also saves jet fuel and reduces noise and emissions by helping aircraft achieve the ideal glide path as they approach landing with little need for engine thrusting.

Raytheon is the world's leading provider of satellite-based augmentation technology. In addition to the U.S. WAAS program, the company's technology is used on the Japanese Multi Functional Transport Satellite system as well and on India's GPS-Aided Geo-Augmented Navigation system, GAGAN, which is scheduled to go into operation later this year.

A global leader in air traffic management, Raytheon has 60 years of experience providing solutions for civil and military customers in more than 60 countries covering 60 percent of the world's airspace. The company is committed to supporting safety, efficiency, reduced environmental impact and enhanced security in the world's airspace by providing the industry's most innovative and comprehensive portfolio of proven air traffic management solutions.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,891.88 +87.08 0.49%
S&P 500 2,070.43 -0.22 -0.01%
NASDAQ 4,767.6210 +2.2410 0.05%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs