U.S. Army awards RTX's Raytheon TOW contracts for $676 million

The TOW weapon system will be in service with the U.S. and allied forces beyond 2050TUCSON, Ariz., Oct. 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW® weapon system for the U.S. Army. The two separate awards comprise an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024."Our TOW production line is active, and we can manufactu ...