TUCSON, Ariz., Oct. 10, 2006 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has received a contract with five one-year options that has an initial
value of $163.2 million to provide heavy anti-tank, precision assault
missiles for the U.S. military.
Under this contract, Raytheon will deliver the new wireless version of
TOW missiles that receives commands from the gunner through a wireless data
link, eliminating the wire connection that the system has used since it was
introduced more than 30 years ago.
Because the wireless system is built into the missile and the missile
case, wireless TOW works with existing launch platforms -- including the
Improved Target Acquisition System, Improved Bradley Acquisition Subsystem,
TOW 2 Subsystem and M220 Ground TOW. The system performs exactly as the
wire-guided version, enabling soldiers to continue using the proven weapon
without changing tactics or incurring additional training.
"The wireless TOW provides the soldier and Marine with the next logical
step in the evolution of this proven weapon system," said Jim Riley, vice
president of Raytheon Missile Systems' Land Combat product line. "This
increases the tactical superiority and versatility of a system that
continues to prove itself in ongoing combat operations."
TOW remains the Army and Marine Corps' primary heavy anti-tank and
precision assault weapon deployed on more than 4,000 TOW launch platforms
including the Army "Stryker," Bradley Fighting Vehicle System and High
Mobility Multipurpose Wheeled Vehicle.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry
leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs 80,000 people
worldwide.
Note to Editors: This contract was awarded Sept. 15, 2006, by the U.S.
Army Aviation and Missile Command, Redstone Arsenal, Ala., and was
initially announced by the Department of Defense on Sept. 20.
Contact:
Everett Tackett, APR
520.545.8966
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Everett Tackett of APR for Raytheon,
+1-520-545-8966
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