Raytheon Company (NYSE: RTN) has received a contract from the U.S. Army for the production of Excalibur Ia-2 155 mm precision guided projectile rounds. The contract was for about $73.3 million. Excalibur Ia-2 is the next generation of precision guided projectiles to be used by the U.S. Army and Marine Corps artillery. The Excalibur Ia-2 uses GPS precision guided technology to provide warfighters with an accurate first round of fire.
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About Raytheon Company
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 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 73,000 people worldwide.
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