Raytheon wins $85M artillery production contract
Raytheon Co. said Friday it has received a $85.3 million U.S. Army contract to produce its Excalibur projectiles for U.S. and Australian forces.
The Excalibur artillery, jointly produced by Raytheon and BAE Systems Bofors of Sweden, is used in howitzer weapons systems for long range targets payday loans application.
Waltham-based Raytheon (NYSE: RTN) will manufacture the ammunition through its Raytheon Missile Systems business unit based in Tuscon, Ariz.