TUCSON, Ariz., Sept. 5, 2008 /PRNewswire/ -- The U.S. Army awarded
Raytheon Company (NYSE: RTN) an $85.3 million contract to produce tactical
Excalibur projectiles for the U.S. Army, U.S. Marine Corps and the
Australian Defence Forces.
Excalibur, a cooperative effort between Raytheon Missile Systems and
BAE Systems Bofors of Sweden, is an artillery projectile that provides
precision- strike capability at extended ranges for current and future 155
mm howitzers.
"The Excalibur is a combat-proven artillery round that gives the
soldier precision guidance and extended range," said Kevin Byrnes,
Raytheon's vice president of Business Development-Army Executive. "Nothing
is more important to us than providing the warfighter with innovative and
highly effective technology."
Excalibur is the only precision projectile currently fired from U.S.
Army (Paladin and LW155), USMC (LW155) and Canadian (LW155) 155 mm
howitzers. The objective Excalibur has a 40-km (24.8 miles) range that
demonstrates better than 10 meter-(32.8 feet) accuracy.
"Excalibur's accuracy and lethality have brought the howitzer into the
21st century," said Raymond Sicignano, U.S. Army deputy product manager for
Excalibur. "It provides both the precision and responsiveness required for
operations in heavily populated areas. Its surgical strike accuracy
effectively eliminates enemy targets while protecting the civilian
population."
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
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. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.
Contact:
Heather Uberuaga
520.665.5594
uberuaga@raytheon.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Heather Uberuaga of Raytheon Company,
+1-520-665-5594, uberuaga@raytheon.com
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