Raytheon Wins FAB-T Deal, Loses Space Fence Bid

"Certainly, it's a big loss for Raytheon," Marco Caceres, a senior analyst at the Teal Group, said in an e-mail. "The issue of tracking space debris will only grow substantially in importance over the next few years, as potentially thousands of new micro, nano, pico, and femto satellites will be launched to low earth orbit." He added, "The Space Fence is a billion-dollar program that will continue to grow in value for decades to come, so it would have represented a long-term revenue stream for Raytheon."