Business News

Raytheon gets $129 million TOW weapon system contract modification

Raytheon Missile Systems has been awarded a $129 million modification to a U.S. foreign military sales contract for the tube-launched, optically tracked, wireless-guided, or TOW, missiles.

The procurement of the TOW missiles is for the U.S. Marine Corps, U.S. Army and foreign military customers Bahrain and Morocco.

Work will be performed in Arizona and New Mexico, with an estimated completion date of August 2018.

The Army National Guard Bureau is the contracting activity.

The long-range, heavy-assault, precision anti-armor, anti-fortification and anti-amphibious landing weapon system is used by more than 40 armed forces worldwide and is integrated on more than 15,000 ground, vehicle, and helicopter platforms.