Business

September 11, 2013

U.S. Army awards Raytheon $54 million for Excalibur Ib

The U.S. Army has awarded Raytheon a $54 million contract for the procurement of the second lot of the Excalibur Ib artillery round.

The Excalibur Ib is a precision-guided artillery projectile based on Raytheon’s combat-proven Excalibur Ia-1 and Ia-2, a 155mm precision-guided, extended-range projectile that uses GPS precision guidance to provide accurate, first round, fire-for-effect capability in any environment.

“No other artillery round comes close to doing what Excalibur does for the warfighter,” said Kevin Matthies, Raytheon Missile Systems’ Excalibur program director. “The Excalibur Ib will not only provide industry-leading precision for the warfighter, it will also improve reliability and lower the unit cost.”

With more than 690 rounds fired in theater to date, Excalibur is the revolutionary precision projectile for the U.S. Army and Marines. By using Excalibur’s level of precision, there is a major reduction in the time, cost and logistical burden traditionally associated with using artillery munitions. Analyses have shown that on average it takes 10 to 50 conventional munitions to accomplish what one Excalibur can.




All of this week's top headlines to your email every Friday.


 
 

 
lm-kmax

Lockheed Martin’s unmanned cargo helicopter team returns from deployment

After lifting more than 4.5 million pounds of cargo and conducting thousands of delivery missions for the U.S. Marine Corps, the Lockheed Martin and Kaman Aerospace Corporation K-MAX cargo unmanned aircraft system has returned ...
 
 

SPEEA files age discrimination charge against Boeing

After months of investigation, the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001, charged Boeing with age discrimination. Acting on behalf of SPEEA-represented engineers, the union filed the third-party charges July 23 with the Equal Employment Opportunity Commission and the Washington State Human Rights Commission. The evidence is overwhelming that Boeing hatched...
 
 

Commercial jets push Boeing profits up 52 percent

Increased production of passenger jets helped push up Boeing’s profit by 52 percent in the second quarter, topping Wall Street’s expectations. The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago. Earnings, adjusted for non-recurring costs, came...
 

 

Comprehensive MEADS network tests demonstrate unmatched plug-and-fight missile defense capabilities

The Medium Extended Air Defense System recently completed a comprehensive system demonstration at Pratica di Mare Air Base near Rome, Italy. The two-week test demonstration included significant first-time events that were observed by several national delegations. “The outstanding result is that we have demonstrated the full range of advanced network capabilities that only MEADS can...
 
 

UTC awarded Boeing C-17 Globemaster III MRO landing gear contract

UTC Aerospace Systems has been selected by Boeing to continue to provide landing gear system maintenance services in support of the U.S. Air Force fleet of the Boeing C-17 Globemaster III aircraft. Included as part of the agreement, the company will work with Hill Air Force Base personnel in Ogden, Utah, to jointly manage the...
 
 
Lockheed Martin photograph by Beth Groom

First two Australian F-35s roll out of factory

Lockheed Martin photograph by Beth Groom Royal Australian Air Force Air Marshal Geoff Brown delivers his remarks at the roll out ceremony for Australia’s first F-35. A ceremony was held July 24 at Lockheed Martin in Fort Wort...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>