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Monday, July 18, 2011
U.S. Army Awards Raytheon $36 Million to Complete Excalibur Ib Development
The U.S. Army awarded Raytheon Company a $36 million contract for the final phase of the Excalibur Ib development program. This phase concludes with warfighter tests and will qualify Excalibur Ib for fielding.
The Excalibur Ib is a long-range, precision-guided artillery projectile based on Raytheon's combat-proven Excalibur Ia.
Excalibur Ib features a non-spinning fixed base, uses fewer parts and requires simpler manufacturing than Excalibur Ia resulting in increased reliability and a significantly reduced cost.
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