TUCSON, Ariz., Aug. 21, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will deliver additional tube-launched, optically tracked, wireless-guided missiles for the TOW® weapon system under a $101 millionU.S. Army contract announced by the U.S. Department of Defense on May 10, 2019. The weapon system transitioned to wireless guidance in 2010 and is being produced for the Army, U.S. Marines and international customers.
The TOW weapon system, with the multi-mission TOW 2A, TOW 2B Aero and TOW Bunker Buster missiles, is a long-range, heavy assault-precision anti-armor, anti-fortification and anti-amphibious landing weapon system used throughout the world.
"TOW gives soldiers the upper hand in battle," said Sam Deneke, Raytheon Land Warfare Systems vice president. "The system easily defeats opponents at long range in main battle tanks, fortified bunkers or moving armored vehicles."
The TOW missile will remain in the Army's inventory until at least 2034. Raytheon has delivered over 700,000 TOW weapon systems to U.S. and allied forces.
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.
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SOURCE Raytheon Company