Author: Mary-Louise Hoffman|| Date Published: August 9, 2016
Raytheon (NYSE: RTN) has been awarded a two-year, $129.4 million contract modification to produce tube-launched, optically-tracked, wireless-guided missile systems for the U.S. Army and the U.S. Marine Corps.
The Defense Departmentsaid Monday the company will also deliver TOW missiles to Morocco and Bahrain under the foreign military sales program.
Raytheon will perform work in Tucson, Arizona and in Farmington, New Mexico through Aug. 4, 2018.
The Army National Guard Bureau is the contracting activity and obligated the full amount of the modification at the time of award.
According to Raytheon, the TOW system is a long-range precision, heavy anti-tank and assault weapon designed to integrate with the Army’s Stryker, Bradley Fighting Vehicle, ITAS High-Mobility Multipurpose Wheeled Vehicle and Light Armored Vehicle platforms.
TOW missiles have been deployed globally to support NATO, United Nations, coalition and peacekeeping operations, Raytheon noted.
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
Raytheon (NYSE: RTN) has been awarded a two-year, $129.4 million contract modification to produce tube-launched, optically-tracked, wireless-guided missile systems for the U.S. Army and the U.S. Marine Corps.
