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Raytheon Lands $750M Int’l TOW Missile Sale

Raytheon logoAn unidentified country has agreed to purchase 14, 000 Raytheon-built (NYSE: RTN) missiles from the U.S. government under a three-year, $750 million foreign military sales agreement.

Raytheon said Wednesday that the country intends to build up its border defense posture and sovereignty by ordering the tube-launched, optically tracked, wireless-guided missiles.

The contract’s base period of performance begins 2015 and U.S. government could execute the order with Raytheon in the coming weeks, the company said.

Nearly 40 international military forces use the TOW missiles for anti-armor, anti-fortification and anti-amphibious missions.

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