Raytheon Awarded $95M Army Excalibur Projectile Engineering Contract

The U.S. Army has awarded Raytheon (NYSE: RTN) a potential five-year, $95 million contract to provide engineering services the military branch’s extended-range guided artillery rounds.

Raytheon’s missile systems business will engineer 155mm Excalibur projectiles under the  cost-plus-fixed-fee, firm-fixed-price contract, the Defense Department said Monday.

Work will occur through Jan. 25, 2023 and the Army Contracting Command will determine performance locations and funds with each order.

The Excalibur weapon, jointly developed by Raytheon and BAE Systems‘ Bofors subsidiary, works to help military users conduct precision strikes and integrates with various howitzer platforms.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it