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.
