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Michele Lohmeier: Raytheon to Continue Producing Excalibur Projectiles for the Army

Raytheon logoRaytheon (NYSE: RTN) has been given permission by the U.S. Army to start full-rate production work on the company’s Excalibur cannon artillery rounds.

The company has also won a $52 million contract to continue building Excalibur shells for the military branch, Raytheon said Thursday.

According to Raytheon, the guided munition has the Army’s type classification-standard certification for achieving safety, testing and operational requirements.

“Excalibur has revolutionized cannon artillery, making it possible to engage targets precisely at long ranges while avoiding collateral damage, a capability that appeals to military leaders around the world, ” said Michelle Lohmeier, vice president of Raytheon’s land warfare systems.

The technology has an S variant that features a laser spot detector in the system’s guidance portion and an N5 variant for maritime use, according to Raytheon.

Raytheon builds and tests Excalibur projectiles through a collaboration with BAE Systems‘ Bofors subsidiary.

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