VISIONARIES: US defence giant Raytheon fully backing local venture which will raise $300m for cash-strapped govt
Bahamian entrepreneurs have received approval for a 427 million dollar investment. The project is backed by Raytheon Technologies, which includes Collins Aerospace and Pratt & Whitney. The venture aims to build a sensing network for aviation, climate, and meteorology. It will also cover 3D terrain, street mapping, and navigation. The goal is to create a system that exceeds those found in any other industrialised nation. The project will raise 300 million dollars for a government facing cash shortages.
A GROUP of Bahamian entrepreneurs have the “green light” for a $427m investment in what Raytheon Technologies (a merger of Raytheon, Pratt & Whitney and Collins Aerospace) has termed will be the “first-of-its-kind aviation, climate, meteorological, navigation, 3D terrain, street and chart mapping and severe weather sensing network exceeding that of any other industrialised nation” […]