An RTX (NYSE: RTX) division will supply tube-launched, optically-tracked, wireless-guided missiles to the U.S. Army under a three-year, $322.5 million contract.
Raytheon Land and Air Defense Systems will provide the TOW 2B variant of the long-range anti-armor, anti-fortification and anti-amphibious landing weapon system as part of the fixed-price-incentive deal, the Department of Defense said Tuesday.
Contract work will occur in Tucson, Arizona, through Sept. 30, 2026.
The TOW missile can be fired from multiple launch platforms, including the ITAS launcher, Stryker anti-tank guided missile vehicle and the Army’s future XM30 Mechanized Infantry Combat Vehicle, formerly the Optionally Manned Fighting Vehicle.
Army Contracting Command received one bid via online solicitation and obligated the exact contract amount using fiscal 2021 and 2023 missile procurement funds.