Items Tagged with 'precision-guided'

Mercury Systems Inc. announced it received a $2.4 million follow-on order from a leading defense prime contractor for high-performance GPS Selective Availability Anti-Spoofing Modules (SAASM) for a precision guided munitions application.

The global smart weapons market is valued at $3621 million in 2013 and is expected to register a CAGR of 8.06% to reach $5335.1 million by 2018. The cumulative market across the forecasted period is estimated to be $26.73 billion.

Raytheon Co. fired 84 precision-guided Excalibur Ib all up rounds during qualification flight tests at Yuma Proving Ground, Ariz. During the testing, Excalibur Ib exhibited exceptional accuracy, with the majority of the rounds landing within two meters of the target. The tests also certified stringent performance and safety requirements.

Raytheon Co. booked a $106 million contract for its combat-proven Paveway™ II family of precision-guided munitions. The company was awarded the direct commercial sale from an international customer. The contract includes Paveway kits for both GBU-12 (500lb) and GBU-58 (250lb) guided bombs. Paveway is a Raytheon-designed kit that transforms "dumb" bombs into precision-guided munitions.

Raytheon Co. received a U.S. Army fiscal year 2012 contract for the production of Excalibur Increment Ib precision-guided projectiles. The $56.6 million contract, awarded in December, marks the start of low-rate initial production (LRIP) of Excalibur Ib.