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Raytheon Awarded $55 Million Contract to Deliver TOW Missiles to Saudi Arabia

Raytheon [RTN] received a $55 million contract to deliver TOW (Tube-Launched, Optically-Tracked, Wireless-Guided) 2A Radio Frequency missiles to the U.S. government as part of a foreign military sale to Saudi Arabia's National Guard. "TOW RF missiles are tremendous weapons because of their high mobility, rapid response and close-fire support capabilities," Jim Riley, Raytheon's vice president of Land Combat, said in a statement. "This missile can give soldiers at the lowest tactical echelon immediate, precision firepower." TOW RF missiles include an…

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Contract Updates

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