Author: Mary-Louise Hoffman|| Date Published: May 1, 2019
The U.S. Army has awarded Raytheon (NYSE: RTN) a five-year, $200.2M contract to supply M982A1 Excalibur Ib containerized shells that are designed to engage land targets in a combat environment.
Army Contracting Command received one bid for the firm-fixed-price contract via an online solicitation, the Department of Defense said Tuesday.
The service branch obligated the full contract amount at the time of award.
Raytheon — which developed the Excalibur projectile technology with BAE Systems‘ Bofors subsidiary — is expected to finish contract work by April 29, 2024.
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The U.S. Army has awarded Raytheon (NYSE: RTN) a five-year, $200.2M contract to supply M982A1 Excalibur Ib containerized shells that are designed to engage land targets in a combat environment.
