This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Raytheon Unveils Excalibur With Dual-mode Guidance

Stocks in this article: RTN

PARIS, June 20, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has initiated an internally funded program to enhance its combat-proven 155mm Excalibur GPS-guided projectile with a new guidance and navigation unit (GNU) with a semi-active laser (SAL) end-game targeting capability. Addition of the SAL seeker will allow the munition to attack moving targets, attack targets that have re-positioned after firing, or change the impact point to avoid casualties and collateral damage.

"No other gun-launched GPS-guided artillery round is as precise as Excalibur, which in its current design gives one the ability to hit within 4 meters of the target 90 percent of the time," said Kevin Matthies, Excalibur program director for Raytheon Missile Systems. "Now we're ready to take this to the next level, giving the warfighter the ability to not only re-target the munition in flight, but leverage Excalibur's maneuverability to use the pinpoint precision of a semi-active laser seeker to hit targets on the move."

This new Excalibur variant using SAL guidance paves the way for GPS-guided Excalibur Ib customers to upgrade their Excalibur Ib guidance and navigation units with a GPS/SAL capability. Recent tests of the SAL seeker have demonstrated the robustness of the design in a severe gun-firing environment.

In addition to 155mm artillery land forces worldwide, the GPS/SAL capability will be available for both 155mm and 5-inch (127mm) naval guns to address moving targets on land and at sea. Counter-swarming boat capability will be the prime focus of the at-sea moving target capability using a high-firing rate, large caliber, affordable munition that can be fired from land or sea platforms. The transition to the naval 5-inch configuration is easily made as the existing 155mm Excalibur Ib GNU design also fits in a 127mm projectile body.

"Excalibur has proven itself an invaluable asset for avoiding collateral damage while defeating targets that may otherwise be out of reach or cannot be quickly engaged," said Michelle Lohmeier, vice president of Land Combat for Raytheon Missile Systems. "The need for this degree of precision to attack moving targets is there, and we now have the ability to leverage demonstrated Excalibur Ib technology to make this happen."

About ExcaliburFirst fielded in 2007, the Excalibur 155mm precision-guided, extended-range projectile is a revolutionary capability for U.S. and allied forces. Using GPS precision-guidance technology, Excalibur provides accurate, first round fire-for-effect capability in any environment. With Excalibur's level of precision, there is a major reduction in the overall mission time and cost of delivering precision. Excalibur provides these benefits while offering the most flexible artillery solution for reducing collateral damage. Excalibur was named one of the U.S. Army's "Greatest Inventions" in 2007 for the Increment Ia-1 and in 2011 for the Increment Ia-2.

About RaytheonRaytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs