The US Army has awarded a $73.3m contract to Raytheon to produce Excalibur Ia-2 155mm precision-guided projectile rounds.
The future-generation precision-guided projectile rounds provide soldiers with an accurate first-round, fire-for-effect capabilities in urban settings using global positioning system (GPS) guidance technology.
Raytheon Excalibur programme director Steve Bennett said that the army was redefining what precision meant to the warfighter.
"Precision means consistently impacting the target to within 10m. Excalibur provides this precision, which is essential to the protection of civilians and combat forces," he said.
Raytheon recently tested the Excalibur Ia-1's new inertial measurement unit by firing nine shots with a 100% success rate.