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Thursday, April 24, 2014

International customer signs agreement with USG valued at $750 million for Raytheon's TOW missiles

BGM-71 TowAn international customer signed an agreement with the U.S. Government for a foreign military sale (FMS) of tube-launched, optically tracked, wireless-guided (TOW) missiles to be supplied by Raytheon Company in a deal valued at approximately $750 million.

Raytheon plans to deliver nearly 14,000 TOW missiles to the customer over a three-year period beginning in 2015.

A resulting order is expected to be executed by the U.S. government with Raytheon in the coming weeks.

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