By Marina Malenic Raytheon [RTN] and ATK [ATK] have each received an 18-month Army development contract to compete to produce the next increment of the Excalibur 155mm precise artillery round, company representatives said this week. Each company received about $10 million to develop a new shell over 18 months. After they demonstrate their products at Yuma Proving Ground in Arizona, the Army will select one competitor for a 30-month system qualification and then a three-year production contract. The Army plans…
ATK, Raytheon Receive Army Contracts For Excalibur ‘Smart’ Shell Development
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