Home / Contract Awards / Army Orders $127M in Raytheon-Made Excalibur Projectiles

Army Orders $127M in Raytheon-Made Excalibur Projectiles

Raytheon‘s (NYSE: RTN) missile systems business has secured a $127.1 million contract modification to provide 155mm Excalibur projectiles to the U.S. Army.

The Defense Department said Friday Raytheon will perform contract work through April 30, 2019 in Arizona, California, Iowa, Missouri, Ohio, Pennsylvania, Utah, Sweden and the U.K.

The Army Contracting Command is the contracting activity and the service branch obligated the full modification amount from its fiscal 2015 and 2017 “other” procurement funds.

Excalibur is an extended-range precision weapon system developed by Raytheon and BAE SystemsBofors subsidiary for use on various gun systems such as the M777, M109, M198 and PzH2000 howitzers.

Check Also

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.