United Defense Industries subsidiary, Bofors Defence, has been awarded a $97.6 million contract for the Systems Development and Demonstration phase of the Excalibur program by Raytheon Missile Systems, the prime contractor.
Excalibur is a precision-guided, extended-range, 155mm artillery projectile, based upon the technology from the previous XM982 program and the US-Swedish Trajectory Correctable Munition co-operative program. The projectile is intended to have a range in excess of 50 km with accuracy independent of range.
Development of the Excalibur program is co-funded by the US Army and the Defence Materiel Administration of Sweden.
A joint program office consisting of representatives from the US Army, the Swedish defence procurement agency, Raytheon and Bofors Defence has been set up at Picatinny Arsenal, New Jersey.