The Lancer Platoon is an Honor Unit comprised of the best horseman of the Black Horse Troop, who must maintain good academics and citizenship, and demonstrate proficiency in advanced equitation. Coached and choreographed by the Director of Instruction, Mark Waller and assisted by Senior Instructor, Robin Siems the Lancers perform a precision drill based on the cavalry manual for mounted drill.

The Lancers distinguished themselves by participating in the Presidential Inaugural Parades and the Indy 500 Parades.

In November of 2007, Mark Waller was responsible for organizing a trip to England for four members of the Platoon, who rode in the Lord Mayors Show on British Cavalry horses. The Lord Mayors Show is an 800 year old pageant to celebrate the Inauguration of the Lord Mayor of London.