Raytheon (NYSE:RTN)
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6 Months : From Aug 2019 to Feb 2020
By Michael Dabaie
Raytheon Co. (RTN) said it would work with WEY Technology to co-develop the next-generation air traffic controller workstation called Multi-platform ATC Re-hosting Solution, or MARS.
Currently in the U.S., air traffic controllers use Raytheon's Standard Terminal Automation Replacement System, or STARS, the company said. The Raytheon-WEYTEC team is aiming to replace the current systems, and similar ones abroad, with workstations that integrate flight-critical applications, such as surveillance, weather, flight and airport data, onto touchscreens for enhanced airspace management, the company said.
WEYTEC is a Swiss data visualization and operator control solutions company.
Raytheon shares were up 1.3% to $201.94 in afternoon trading.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 16, 2019 15:19 ET (19:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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