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GD, Raytheon secure $502 million contract to operate missile test site

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FILE PHOTO - The General Dynamics Land Systems - Canada factory is seen in London, Ontario, Canada October 23, 2018. REUTERS/Chris Helgren
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(Reuters) - A joint venture of U.S. aerospace and defence companies General Dynamics Corp and Raytheon Co has won a $502 million (384 million pounds) contract to operate the U.S. Army's Ronald Reagan ballistic missile defence test site in the Pacific Ocean, the firms said on Monday.

Under the 10-year contract, the joint venture, RGNext, will oversee the launches of space vehicles and ballistic missiles, as well as missile defence tests conducted from islands in the 750,000-square-miles Pacific Ocean range.

RGNext will maintain the range's launch and safety systems, including radar, telemetry and optical sensors located on the Kwajalein Atoll in the Marshall Islands.

The company will also operate the Range Operations Centre and Space Operations Centre in Huntsville, Alabama.

(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)