Breaking News

Tweet TWEET

Raytheon's new precision artillery ready for low-rate initial production

   Raytheon's new precision artillery ready for low-rate initial production

PR Newswire

ABU DHABI, United Arab Emirates, Feb. 20, 2013

ABU DHABI, United Arab Emirates, Feb. 20, 2013 /PRNewswire/ --Raytheon
Company (NYSE: RTN) received a U.S. Army fiscal year 2012 contract for the
production of Excalibur Increment Ib precision-guided projectiles. The $56.6
million contract, awarded in December, marks the start of low-rate initial
production (LRIP) of Excalibur Ib.

Excalibur is a 155mm precision-guided, extended-range projectile that uses GPS
precision guidance to provide accurate, first round, fire-for-effect
capability in any environment.

"The U.S. Army and Raytheon team worked tirelessly to take Excalibur Ib from
design to production in just a few years. The Excalibur Increment Ib round was
designed to improve reliability and lower unit costs while maintaining its
world class precision for our warfighters," said Lt. Col. Josh Walsh, the U.S.
Army Excalibur program manager. "With a radial miss distance of less than 4
meters at ranges in excess of 35 kilometers, Excalibur continues to provide
maneuver commanders with an organic precision fires capability not seen
before."

Future Excalibur Ib LRIP contract options through fiscal year 2016 include
additional quantities to support U.S. forces' increased inventory
requirements, training allocations and military sales.

"The threats are constantly changing, and the way we counter them must also
evolve and change," said Michelle Lohmeier, vice president of Army programs at
Raytheon Missile Systems. "Excalibur Ib's design flexibility will allow
software changes and capability improvements in response to future warfighter
needs."

About Excalibur

  oExcalibur Ib deliveries to the Army are scheduled to begin in the last
    quarter of 2013.
  oWhen compared with other artillery rounds, Excalibur's precision provides
    a major reduction in the mission time, cost, logistical burden and risk of
    collateral damage.
  oExcalibur is a co-development program between Raytheon Company and BAE
    Systems/Bofors.

About Raytheon
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 91 years, Raytheon provides state-of-the-art
electronics, mission systems integration and other capabilities in the areas
of sensing; effects; and command, control,communications and intelligence
systems; as well as a broad range of mission support services. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at
www.raytheon.com and follow us on Twitter @raytheon.

Media Contact
Jaclyn Gutmann
+1.781.879.2789

rmspr@raytheon.com

SOURCE Raytheon Company

Website: http://www.raytheon.com
 
Press spacebar to pause and continue. Press esc to stop.