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U.S. Army awards RTX's Raytheon TOW contracts for $676 million
RTXRaytheon Technologies(RTX) Prnewswire·2024-10-23 13:00

TOW Weapon System and Raytheon Contracts - Raytheon awarded 676milliontocontinuemanufacturingtheTOWweaponsystem,including676 million to continue manufacturing the TOW weapon system, including 430 million in FY2023 and 246millionin2024[1]−TOWproductionlinecanmanufactureupto10,000missilesannually,supportingUSArmy,MarinesCorps,andgloballandforces[1]−ModernizedfuzingandtargetdetectionupgradesdemonstratedinsuccessfulFly−To−BuylotacceptancetestsforTOW2Bvariant[1]TOWSystemCapabilitiesandUsage−Modernizedfuzingandtargetdetectionprovideunparalleledcapability,maintainingthefastesttargetengagementtimeinthesegment[2]−TOWexcelsincomplexurbanengagementswithvariedtargetswhilemaintainingsuperioranti−tankguidedmissile(ATGM)capability[2]−Over700,000TOWweaponsystemsdeliveredtoUSandinternationalarmedforces,with11,000combatusessince2003[2]−Approximately13,000TOWmissilesprovidedtoUkrainebytheDepartmentofDefense[2]TOWCompatibilityandManufacturing−TOWiscompatiblewithvariousmannedandunmannedvehicles,includingHighMobilityMultipurposeWheeledVehicle,Stryker,andBradleyFightingVehicle[3]−ManufacturingworkunderthecontractswilltakeplaceinTucson,Arizona[3]RaytheonandRTXOverview−Raytheon,anRTXbusiness,isaleadingproviderofdefensesolutions,withover100yearsofexperienceindevelopingtechnologiesforairandmissiledefense,smartweapons,andadvancedsensors[4]−RTX,with2023salesof246 million in 2024 [1] - TOW production line can manufacture up to 10,000 missiles annually, supporting US Army, Marines Corps, and global land forces [1] - Modernized fuzing and target detection upgrades demonstrated in successful Fly-To-Buy lot acceptance tests for TOW 2B variant [1] TOW System Capabilities and Usage - Modernized fuzing and target detection provide unparalleled capability, maintaining the fastest target engagement time in the segment [2] - TOW excels in complex urban engagements with varied targets while maintaining superior anti-tank guided missile (ATGM) capability [2] - Over 700,000 TOW weapon systems delivered to US and international armed forces, with 11,000 combat uses since 2003 [2] - Approximately 13,000 TOW missiles provided to Ukraine by the Department of Defense [2] TOW Compatibility and Manufacturing - TOW is compatible with various manned and unmanned vehicles, including High Mobility Multipurpose Wheeled Vehicle, Stryker, and Bradley Fighting Vehicle [3] - Manufacturing work under the contracts will take place in Tucson, Arizona [3] Raytheon and RTX Overview - Raytheon, an RTX business, is a leading provider of defense solutions, with over 100 years of experience in developing technologies for air and missile defense, smart weapons, and advanced sensors [4] - RTX, with 2023 sales of 69 billion, employs over 185,000 globally and operates through Collins Aerospace, Pratt & Whitney, and Raytheon [5]