Raytheon Books Army Contracts to Produce TOW Missiles

Raytheon has secured $676 million to continue manufacturing tube-launched, optically tracked, wire-guided TOW weapon systems for the U.S. Army.

The awards comprise an annual production contract valued at $430 million from fiscal 2023 and an additional $246 million in 2024, Raytheon parent company RTX said Wednesday.

Weapons Production in Tucson, Arizona

According to Tom Laliberty, president of land and air defense systems at Raytheon, the company’s TOW production line can manufacture up to 10,000 missiles annually.

“This combat-proven effector is ready to meet current and future anti-tank guided missile requirements for the US Army, Marines Corps, and land forces across the globe,” he said.

Continuing to enhance TOW, the defense company has updated the weapon system’s design by integrating a modernized fuzing and target detection. The capabilities of the new fuzing and target detection have already been demonstrated in fly-to-buy lot acceptance tests.

TOW Weapon System

Raytheon has been manufacturing the TOW weapon systems for the U.S. military and international armed forces for decades. To date, the company has delivered over 700,000 TOW units, including approximately 13,000 TOW missiles to Ukraine via the Department of Defense.

Raytheon was awarded a three-year, $322.5 million contract in August 2023 to provide the Army with the TOW 2B variant of the long-range anti-armor, anti-fortification and anti-amphibious landing weapon system.

In October 2023, the Tucson, Arizona-headquartered contractor was named the principal contractor for a $70 million foreign military sale of TOW missiles to the government of Oman.

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