This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Raytheon's Excalibur Ib Demonstrates Accuracy During Flight Tests

YUMA PROVING GROUND, Ariz., Oct. 24, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) fired eight precision-guided Excalibur Ib projectiles during qualification flight tests. All eight rounds landed within five meters of the target, meeting stringent test objectives.

"This program has made great achievements in a very short amount of time," said Lt. Col. Josh Walsh, the U.S. Army Excalibur program manager. "In two years time, the Excalibur Ib program has moved from a competition to being well on its way to a milestone C."

The Excalibur Ib is a precision-guided artillery projectile based on Raytheon's combat-proven Excalibur Ia. The tests verify the performance and efficacy of the Excalibur Ib configuration.

"Our team is focused on giving our warfighters an Excalibur Ib design that improves performance and reliability," said Kevin Matthies, Raytheon Missile Systems' Excalibur program director. "These tests verify the new design."

With more than 600 rounds fired in theater to date, Excalibur is the revolutionary precision projectile for the U.S. Army and Marine Corps artillery. By integrating Excalibur into close-combat formations, U.S. forces avoid collateral damage even when warfighters are in close proximity to the target. By using Excalibur's level of precision there is a major reduction in the time, cost and logistical burden traditionally associated with using artillery munitions. Analyses have shown that on average it takes at least 10 conventional munitions to accomplish what one Excalibur can.

About ExcaliburSuccessfully fielded in 2007, the Excalibur 155mm precision-guided, extended-range projectile is the revolutionary artillery round used in theater today by the U.S. Army and Marine Corps. Using GPS precision guidance technology, Excalibur provides accurate, first round, fire-for-effect capability in an urban setting. Excalibur is considered a true precision weapon, impacting at a radial miss distance of six meters from the target. Excalibur is a co-development program between Raytheon Company and BAE Bofors.

About RaytheonRaytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon 

Media Contact Jaclyn Gutmann+1.781.879.2789 rmspr@raytheon.com

SOURCE Raytheon Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,696.88 -49.10 -0.28%
S&P 500 2,107.66 -0.97 -0.05%
NASDAQ 5,136.8170 +8.0320 0.16%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs