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FX.co ★ RTX Bags $676 Mln Contracts From US Army For TOW Weapon System

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typeContent_19130:::2024-10-23T14:41:00

RTX Bags $676 Mln Contracts From US Army For TOW Weapon System

Raytheon, a division of RTX Corporation (RTX), announced on Wednesday that it has secured contracts valued at $676 million to continue the production of the tube-launched, optically-tracked, wireless-guided (TOW) weapon system for the U.S. Army.

These contracts consist of an annual production agreement amounting to $430 million for the fiscal year 2023, and an additional $246 million award for 2024.

The manufacturing work under these contracts will be conducted in Tucson, Arizona.

The TOW system is versatile and can be integrated with a range of both manned and unmanned vehicles, including the High Mobility Multipurpose Wheeled Vehicle (HMMWV), the Stryker anti-tank guided missile vehicle, the Bradley Fighting Vehicle, and various other light armored vehicles.

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