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Tuesday, October 09, 2012
Raytheon awarded $349 million US Army contract for TOW missiles
Raytheon Company received a $349 million five-year, multi-year contract to provide heavy anti-tank, wireless precision-assault missiles for the U.S. government. Raytheon received the award during its third quarter.
Under this contract, Raytheon will deliver 6,676 of the new wireless TOW (tube-launched, optically tracked, wireless-guided) missiles that receive commands from the gunner through a wireless guidance link, eliminating the wire connection in early generations of the missile.
"TOW has been one of the most fired weapons in history, and the upgrade to wireless gives our warfighters an improved capability," said Michelle Lohmeier, vice president of Land Combat for Raytheon Missile Systems. "With this contract, we are partnering with the U.S. Army to ensure our warfighters continue to have this life-saving weapon for years to come."
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