This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

GPS III And OCX Satellite Launch And Early Orbit Operations Successfully Demonstrated

Stocks in this article: LMTRTN

NEWTOWN, Pa., Sept. 12, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] and Raytheon Company [NYSE: RTN] successfully completed the third of five planned launch and early orbit exercises to demonstrate the launch readiness of the world's most powerful and accurate Global Positioning System (GPS), the U.S. Air Force's next generation GPS III satellite and Operational Control System (OCX).

Successful completion of Exercise 3, on August 1, was a key milestone demonstrating Raytheon's OCX software meets mission requirements and is on track to support the launch of the first GPS III satellite, currently being produced by Lockheed Martin. Two additional readiness exercises and six 24/7 launch rehearsals are planned prior to launch of the first GPS III satellite in 2015.

Using new installments of Raytheon's OCX software and Lockheed Martin's GPS III Launch and Checkout Capability (LCC), the Air Force Global Positioning System Directorate and the industry team completed a launch and early orbit exercise over a three-day period in late July.  Exercise 3 demonstrated space-ground communications; first acquisition and transfer orbit sequences; orbit-raising maneuver planning and execution; and basic anomaly detection and resolution capabilities.  In addition, the industry and customer teams jointly executed mission planning activities, such as orbit determination and the generation of upload command files.

Exercise 3 expands on two previous exercises, with a longer mission timeline, and the introduction of simulated vehicle and ground anomalies to evaluate the combined response capabilities of the control segment, satellite and operations crew. "Successful completion of Exercise 3 clearly demonstrates that OCX is on track to support the first GPS III satellite launch," stated Matt Gilligan, a vice president with Raytheon's Intelligence, Information and Services business and Raytheon's GPS OCX program manager. "The system responded as designed, and met all of the launch exercise success criteria and successfully demonstrated our anomaly response."

"Exercise 3 demonstrated that the cross-organizational operations team is on track to support successful GPS III launch and on-orbit checkout missions from our Newtown facility.  I look forward to the team's continued success as they progress through the complex mission readiness program towards the first GPS III launch," said Keoki Jackson, vice president of Lockheed Martin's Navigation Systems mission area. 

The Lockheed Martin-developed GPS III satellites and Raytheon's OCX are critical elements of the U.S. Air Force's effort to modernize the GPS enterprise more affordably while improving capabilities to meet the evolving demands of military, commercial and civilian users worldwide.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • 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