U.S. Army Selects Raytheon's Excalibur as a Best Invention of 2007
TUCSON, Ariz., July 18, 2008 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Excalibur precision-guided artillery projectile received a Top 10 Army Greatest Inventions of the Year Award for 2007.
"This award proves our innovative products change the face of battle," said Jim Riley, vice president of Raytheon's Land Combat product line. "Using the Excalibur projectile means the soldier is more effective and collateral damage is kept to an absolute minimum. Excalibur will provide organic precision with discrimination to the soldiers of every Heavy, Stryker and Future Combat Systems brigade combat team."
Excalibur is a 155 mm artillery projectile guided by a GPS/Inertial Navigation System. It gives soldiers an artillery round with precision guidance and extended range.
"These inventions have an impact every day on the lives of the men and women in harm's way," said Gen. Benjamin S. Griffin, commanding general, U.S. Army Materiel Command. "When you talk to units in the field, they know about them. They use them."
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 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. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact:
Heather Uberuaga
520.665.5594
uberuaga@raytheon.com
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