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Friday, August 01, 2014

Excalibur Ib enters full rate production and receives $52 million award

ExcaliburRaytheon Company's Excalibur Ib precision guided projectile has entered full rate production (FRP). U.S. Army approval of FRP completes Excalibur Ib's low rate initial production phase. Additionally, the U.S. Army has awarded Raytheon $52 million for continued Excalibur Ib production.

"The full rate production decision is the culmination of superb teamwork between the U.S. Army and Raytheon," said Lieutenant Colonel Josh Walsh, U.S. Army Excalibur product manager. "I am proud of the combined team's effort that is putting the world's finest cannon artillery munition into the hands of our warfighters."

Earlier this year, the Army approved Excalibur Ib for Full Materiel Release (FMR) and awarded the projectile a Type Classification-Standard. That means Excalibur is safe for soldiers; it has been fully tested; it meets operational performance requirements, and it can be supported logistically within its intended operational environment.

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