Raytheon tests new propulsion system for TOW missile
TUCSON, Ariz., Feb. 29, 2012. Raytheon Company (NYSE: RTN) tested a new propulsion system for the Tube-Launched, Optically-Tracked, Wireless (TOW) missile. Developed by ATK (NYSE: ATK), the enhanced system doubles TOW's range and reduces the missile's flight time by one-third.