Raytheon to support TOW missile subsystems

DULLES, Va., 13 March, 2012. Raytheon Technical Services Co. LLC (RTSC), a subsidiary of Raytheon Company (NYSE: RTN), has won a U.S. Army TOW (tube-launched, optically tracked, wire-guided) missile subsystems contract valued at $77.9 million. Under the five-year contract, Raytheon will provide logistics and engineering support for TOW subsystems and associated support equipment.

Specifically, work will include field engineering support, provisioning and repair support, technical engineering and configuration management for the Army's Close Combat Systems, including Bradley Fighting Vehicles. Raytheon has performed work on the TOW missile since the 1990s.

TOW missile systems are in use by over 40 international armed forces.