Raytheon Wins $349M for US Wireless-Guided Missiles; Scott Speet Comments

Raytheon (NYSE: RTN) has won a $349 million contract to provide the U.S. government heavy anti-tank, wireless precision-assault missiles, the company announced Monday.

The company will provide 6, 676 of the new wireless tube-launched, optically tracked, wireless-guided missiles, which gunners direct via a wireless connection.

“TOW remains the U.S. Army and Marine Corps’ primary heavy anti-tank and precision-assault weapon, ” said Scott Speet, TOW program director. “It is currently deployed on more than 4, 000 TOW launch platforms including the Army Stryker, Bradley Fighting Vehicle System and High Mobility Multipurpose Wheeled Vehicle.”

This contract is a partnership between the company and the Army, said Michelle Lohmeier, vice president of land combat.

TOW missiles have the wireless system built into the missile and the missile case and work similar to the wire-guided version, the company said.

The missiles are interoperable with the Improved Target Acquisition System, Improved Bradley Acquisition System, TOW2 Subsystem and M220 Ground TOW.

Raytheon also holds a $248 million contract to operate X-band radars for the Missile Defense Agency‘s sensors program.

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